Editor's Note: China is the world's largest and probably fastest-growing auto market, where breaking news happens every day: exciting innovation, history-making moments, far-reaching policies or outrageous scandals. Below are editors' picks of the top 10 events that shook or shaped China's auto industry since the Beijing auto show in April 2014. They offer readers a quick review of what happened and some insights into what is around the corner.
Govt investigates anti-monopoly acts
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Jing Wei / for China Daily |
The Ministry of Commerce announced in June that it would investigate monopolistic acts in the country's auto market. On Aug 13, the Hubei price bureau fined four BMW dealers 1.62 million yuan ($262,000) for monopolistic acts. Local authorities also fined FAW-VW, Chrysler and a number of Japanese auto parts and bearing suppliers. Chinese regulators denied targeting foreign companies in their anti-monopoly moves. The country's top competition regulator has vowed to strengthen its anti-monopoly efforts to ensure fairer market conditions in 2015.
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