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DEVELOPING: China Halts Car Price War: Bans Below-Cost Sales!

China has halted its ongoing car price war. The government banned below-cost vehicle sales. This move impacts the world's largest auto market.

The State Administration for Market Regulation issued the ban. It prohibits automakers from selling cars below production cost. This includes factory expenses and overhead.

A price war has gripped China's auto industry. Companies slashed prices to gain market share. This led to intense competition.

The ban was announced Thursday. Details on enforcement are still emerging. Further updates are expected.

This is a developing story.

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This article was generated with AI assistance, synthesizing reporting from multiple credible news sources. Our editorial team reviews AI-generated content for accuracy.

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