BEIJING — State authorities are concerned about price undercutting of farm vehicles despite recent limits set by the government. During the last two months of 1998, prices dropped by an average of 48%, some plunging by as much as 120%, amounting to US$19.3 million in losses for 91 domestic farm vehicle producers in the period. To stop the bloodletting, the state recently published the average production costs of the farm vehicle industry. The costs are expected to be legally binding on ...
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