The Chinese Prime Minister calls on hard price control such as deflation pressures


Topshot – China’s Prime Minister Li Qiang, ASEAN – Gulf Cooperation Council (GCC) – May 27, 2025, Kuala Lumpur’s 46th Southern Nations (ASEAN) summit, the official dinner of the Chinese Economic Forum.

Vincent Thian | AFP | Getty pictures

Chinese Prime Minister Li Qiang called on the electric car sector within a High-level session Wednesday, Beijing wanted to withdraw in the price wars of the cutting throat, which refounded deflation in the economy.

He called on the country’s electric vehicle sector sector, to strengthen the costs and price monitoring of the LI. He also called the supply to the suppliers in a timely manner when applying more discipline in accepting prices.

LI said that the cars should increase their competitiveness through technological innovation and quality growth.

Long-term price wars about evaluation and rotten price wars came with those who target the things described as “presence” with Chinese politicians – The Severe but often destructive competition – especially in saddle sectors with a surplus capacity such as EVS, solar panels and steel sticks.

A sign pointing to strong price wars has paid institutions for China’s industrial interests Fell to 9.1% In May. The manufacturer of the factory gate grew a year ago in the first six months of the year, 2.8% slipped.

Earnings for Chinese carmakers 11.9% decreased during the year In May, the sales of cars in the country in the same period increased by 11.7%, Chinese car manufacturers’ UnionNew energy transport with more than half of them.

Called to stop the Auto Industry Union in May “Wild competition” According to him, he threatened the safety of the supply of enterprises and the security of the supply.

The slow consumer demand also strained the profit limit for enterprises. The increase in domestic consumption, called for “unfounded restrictions on home expenditure” and to eliminate efforts to optimize the policy of consumer goods for the trading program.

Deputy Bureau of National Statistics Sheng Layyun said in a Tuesday briefing Press In the solar panel, in the cement and the automotive industry, it is reduced in reducing the government without interference.

Weekly analysis and concepts of the largest economy in Asia in the Inbox
Subscribe now

Not cut back

Beijing is increasingly sensitive to deflation, advanced production silver lined: economist



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *