China's CAAM have held a meeting with government department and auto firms, with the discussion based around anti-involution, chip shortage and exports
Newsquawk Staff ·
China's CAAM have held a meeting with government department and auto firms, with the discussion based around anti-involution, chip shortage and exports.
What it means
This meeting reflects growing concerns in China's automotive industry regarding anti-involution, which suggests a drive to improve efficiency and innovation amid competitive pressures. The discussions around chip shortages and exports may impact supply chains and global automotive markets, potentially leading to actions that could enhance or restrict trade dynamics, influence pricing in the auto sector, and affect related commodities like semiconductors.
- China's Auto Industry Body CPCA says Tesla (TSLA) sold 67,829 China-made vehicles in Oct (prev. 95,366 M/M)
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- China proposes easing FX rules for current account transactions
- Japan's Chief Cabinet Secretary Kihara says JPY 1.1tln of reserve funds is to support fuel price measures
- Japanese PM Takaichi says they will be commencing electricity and gas support measures from December, until February
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