Summary
- LSEG data for Chinese automakers show deteriorating key financial metrics over the past six years
- Automakers taking longer to pay suppliers and short-term creditors
- Chinese regulators have warned the turmoil is undermining the sector’s long-term viability
(Reuters) – China’s auto sector is reeling from overcapacity and an extended price war, raising alarm among regulators and industry executives who warn the turmoil is undermining the sector’s long-term viability.
China’s top leaders have pledged to step up regulation of aggressive price-cutting and support the orderly phasing out of outdated production capacity, state media reported earlier this month. Continue reading “China automakers’ price war, overcapacity hurt finances”
