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The multi-billion auto1 industry in China may be next on the government's list of targets to address price fixing.
Reuters is reporting the China Automobile2 Dealers3 Association, the representative of car dealers nationwide, has been collecting data for the National Development and Reform Commission since last year in connection with the investigation4.
It is believed the NDRC has been probing whether automakers are setting minimum retail5 prices for dealers in China.
Internal sources have revealed the association is looking at imported cars along with vehicles produced by foreign companies in association with local partners.
Data on overseas and domestic prices of different brands, profit margins6, costs for carmakers and taxes levied7 on vehicles are also being collected.
For more on this, we're joined live now by Benjamin Cavender, Associate principal at China Market Research in Shanghai.
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1 auto | |
n.(=automobile)(口语)汽车 | |
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2 automobile | |
n.汽车,机动车 | |
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3 dealers | |
n.商人( dealer的名词复数 );贩毒者;毒品贩子;发牌者 | |
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4 investigation | |
n.调查,调查研究 | |
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5 retail | |
v./n.零售;adv.以零售价格 | |
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6 margins | |
边( margin的名词复数 ); 利润; 页边空白; 差数 | |
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7 levied | |
征(兵)( levy的过去式和过去分词 ); 索取; 发动(战争); 征税 | |
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