China to move to curb auto overcapacity -media

Newswire

BEIJING, May 31 (Reuters) - China is planning to introduce new measures to rein in overcapacity in the automobile sector, state media on Wednesday cited regulatory officials as saying. If an auto maker's sales do not meet 80 percent of its capacity, the government will not let it build another plant in a city where it is not already operating, the official China Daily cited unnamed sources with the National Development and Reform Commission, the top planning body, as saying. Further, all ...

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