Another call for consolidation
By Han Tianyang | China Daily | Updated: 2013-01-28 05:46
Govt guideline for handful of large auto groups by 2015
The Chinese government has again called for consolidation in the automotive industry to improve the competitiveness of domestic carmakers.
Guidelines for nine industry sectors issued last week by the Ministry of Industry and Information Technology and 11 other ministries say the auto industry should cultivate three to five large auto groups with core competitive strength by 2015.
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