A surge of competitors into the country is leading to intense competition that's driving down prices and/or boosting incentives. CNBC today writes about the flurry of companies offer 0% interest loans for five years, some without even a downpayment. In addition, some are offering insurance subsidies.
On the weekend, Chinese CPI ran at 0.5% y/y. That's the highest in five months but it's still way below a healthy level. The PBOC has cut rates but it's hardly enough; as the car price war shows.
This article was written by Adam Button at www.forexlive.com. Read More Details
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