MIIT: Increase the intensity of "involution" competition rectification in the automotive industry and promote the optimization and adjustment of the industrial structure

On May 31st, the relevant person in charge of the Ministry of Industry and Information Technology said that we agree with and support the "initiative to maintain a fair competition order and promote the healthy development of the industry" put forward by the China Association of Automobile Manufacturers. The "price war" between car companies has brought a greater impact on the normal production and operation of automobile companies, endangering the healthy and sustainable development of the industry. The Ministry of Industry and Information Technology will step up efforts to rectify the "involution" competition in the automobile industry, promote the optimization and adjustment of the industrial structure, strengthen product consistency spot checks, cooperate with relevant departments to carry out anti-unfair competition law enforcement, take necessary regulatory measures, resolutely maintain a fair and orderly market environment, effectively protect the fundamental interests of consumers, and promote the high-quality development of the automobile industry. (Xinhua News Agency)