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Experts Predict CN Authorities to Step Up Penalties, Set Deadlines to Enforce Shorter Payment Terms to Curb 'Involutionary' Competition in Auto Sector: Report
In response to the "Initiative of Safeguarding Fair Competition and Promoting Healthy Industry Development" recently released by the China Association of Automobile Manuf...
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Experts Predict CN Authorities to Step Up Penalties, Set Deadlines to Enforce Shorter Payment Terms to Curb 'Involutionary' Competition in Auto Sector: Report
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In response to the "Initiative of Safeguarding Fair Competition and Promoting Healthy Industry Development" recently released by the China Association of Automobile Manufacturers, the Ministry of Industry and Information Technology has voiced its support, according to The Paper.

The ministry stated that it will intensify efforts to address "involutionary" competition in the auto sector and uphold a fair and orderly market environment.

Related NewsDBS Elevates LI AUTO-W (02015.HK) TP to $136, Keeps Rating at Buy
The report quoted experts as predicting that Chinese authorities may increase the severity of penalties and set deadlines to enforce the requirement for shorter payment terms.

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