China unveiled a plan on Saturday (Sep 13) to "stabilise" 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 per cent growth. That compares to 4.5 per cent growth registered in 2024, according to the China Association of Automobile ... (full story)