Chinese government sets out plans to encourage consolidation in automotive sector

摘要

Beijing - The Chinese government has announced that is to encourage the current automotive manufacturing industry to consolidate under a programme it is calling: The Revitalization Program for Chinese Automotive Industry. Under this initiative, the government is to encourage certain automotive companies to merge, thus consolidating the number of manufacturers within China. China's government has also issued a stimulant package, a summary of the details follow.