China Bans Below-Cost Car Sales to End Prolonged Price War
China has banned carmakers from pricing vehicles below cost, intensifying its crackdown on a persistent price war that’s engulfed the world’s largest auto market.
By Charlie Zhu, Chunying Zhang · Bloomberg Markets
China has banned carmakers from pricing vehicles below cost, intensifying its crackdown on a persistent price war that’s engulfed the world’s largest auto market.