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10 Jul
06:50

Automakers adjust joint pledge blaming anti-monopoly violation

China Association of Automobile Manufacturers (CAAM) announced an amendment in the recently signed letter of commitment by the leaders of 16 leading automakers to maintain fair market order in the automobile industry.  “In this letter of commitment, the expression of ‘do not disturb the order of fair competition in the market with abnormal prices’ is not appropriate and is a violation of the spirits of the anti-monopoly law,” CAAM stat…
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