Ministry of Industry and Information Technology: Strengthening Regulation of "Involution" Competition in the Automotive Industry to Promote Structural Optimization and Adjustment
According to news from May 31, a relevant person in charge of the Ministry of Industry and Information Technology said that we agree with and support the initiative put forward by the China Automotive Industry Association to "maintain fair competition order and promote healthy development of the industry." The "price war" among auto companies has significantly impacted the normal production and operations of automotive enterprises, threatening the health and sustainable development of the industry. The Ministry of Industry and Information Technology will intensify the regulation of "involution" competition in the automotive industry, promote structural optimization and adjustment, strengthen random inspections for product consistency, cooperate with relevant departments to carry out enforcement against unfair competition, take necessary regulatory measures, resolutely maintain a fair and orderly market environment, effectively safeguard the fundamental interests of consumers, and promote high-quality development of the automotive industry. (Xinhua News Agency)
