China unveils plan to 'stabilise' auto sector growth
Uniunea Europeana
BEIJING China unveiled a plan on Sept. 13 to "stabilize" growth in its auto sector in the face of a price war between competitors and export woes, state media reported. Announced jointly by eight government departments, the plan for 2025 and 2026 "stresses cost surveys and price monitoring," as well as encouraging innovation and domestic demand, according to state news agency Xinhua. The plan foresees a slowdown in total vehicle sales to around 32.3 million this year, amounting to 3 percent
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