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‘Full of gunpowder’: price wars of China’s carmakers deepen, draw Beijing’s ire

Beijing has amplified its warnings over cutthroat price wars among carmakers as deflationary pressure persists in the world’s second-largest economy, and economists say a reflation is likely to remain elusive. The Ministry of Industry and Information Technology (MIIT), party mouthpieces and a carmaker association aired concerns at the weekend over recent discounts offered by manufacturers, while collectively deeming price wars a threat to product quality and the long-term development of the...


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