-
China issues new rules to curb auto price war after January passenger car sales drop 20%
China moved on Thursday to curb a fierce price war among automakers that has caused massive losses for the industry, after passenger car sales dropped nearly 20% in January from the year before, the fastest pace in almost two years. The State Administration for Market Regulation released guidelines for manufacturers, dealers and parts suppliers aimed at preventing a race-to-the-bottom price war. They ban automakers from setting prices below the cost of production to “squeeze out competitors or monopolize the market.” Violators may face “significant legal risks,” the regulator warned. The rules also target ... (full story)
- Comments / Top
- Subscribe
Trader#2CC7
Feb 12, 2026 6:05am
Permalink
Trader#EE7E
Feb 12, 2026 6:11am
Permalink
-
Related Stories
From bnnbloomberg.ca | Feb 12, 2026
China moved on Thursday to curb a fierce price war among automakers that has caused massive losses for the industry, after passenger car sales dropped nearly 20 per cent in January from the year before, the fastest pace in almost two years. The State Administration for Market Regulation released guidelines for manufacturers, dealers and parts suppliers ...
Existing-home sales decreased by 8.4% in January, according to the National Association of REALTORS® Existing-Home Sales Report. The report provides the real estate ecosystem—including agents, homebuyers and sellers—with data on the level of home sales, price, and inventory. Month-over-month and year-over-year sales fell in all regions. "The decrease in ...
Gold (XAU/USD) is trading practically flat at the top of the weekly range on Thursday, with bulls capped right below February’s peak in the $5,100 area. Precious metals remain in a consolidating mood for the third consecutive day, as the strong US Nonfarm Payrolls report failed to provide a significant impulse to the USD. Nonfarm payrolls data released on ...
