Chinese auto market: Govt unveils plan to ‘stabilise’ sector; emphasis on ‘cost surveys and price monitoring’

China has introduced a two-year plan to stabilize its car industry amidst price wars and trade tensions. The initiative, spearheaded by eight government departments, focuses on price monitoring and boosting domestic demand. It sets a target of 15.5 million new energy vehicle sales in 2025, while addressing challenges posed by EU and Mexican trade barriers. (Chinese auto market)