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CN Authorities Summon and Warn Automakers Over Suspected Irrational Competition
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China's Ministry of Industry and Information Technology and the State Administration for Market Regulation summoned and issued reminders to automobile manufacturers suspected of engaging in irrational competition. Authorities required companies to strictly comply with the "Price Law of the People's Republic of China" and the "Provisions on Curbing Low-price Dumping," among other laws and regulations. In accordance with the "Compliance Guidelines for Pricing Conduct in the Automotive Industry", companies were urged to strengthen price compliance frameworks, enhance product quality control, effectively safeguard consumers' legitimate rights and interests, and jointly maintain a market order featuring quality products at reasonable prices and healthy competition. Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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