This afternoon (June 5th), the Ministry of Commerce convened its regular press briefing, during which ministry spokespersons detailed recent key developments in the commercial sector. The automotive industry emerged as a focal point of discussion following a reporter’s inquiry.
He Yongqian, a spokesperson for the Ministry of Commerce, emphasized the automotive industry’s status as a pivotal and strategic sector within the national economy. “It serves as a crucial area for sustaining growth and boosting consumption,” noted He. In recent years, the ministry has been rigorously implementing policies such as the trade – in of old vehicles for new ones and initiating pilot reforms in automotive circulation and consumption. These efforts aim to continuously unlock the potential of automotive consumption and cultivate new consumption growth drivers.
Stakeholder Consultations on Industry Improvement
Recently, relevant departments within the Ministry of Commerce organized a symposium involving industry associations, research institutions, and related enterprises. The meeting provided a platform for stakeholders to voice their opinions and suggestions, with discussions centered on enhancing automotive circulation and consumption – related work.
Future Policy Initiatives Announced
Looking ahead, the Ministry of Commerce will collaborate with relevant agencies to closely monitor the auto consumption market. The joint efforts will focus on formulating policy guidance, removing bottlenecks and obstacles that impede automotive circulation and consumption, and better catering to the diverse and personalized consumption needs of residents.
Addressing Intense Industry Competition
In response to the current “involution” – like competition prevalent in the automotive industry, the Ministry of Commerce pledged to actively cooperate with other relevant departments. Plans include strengthening comprehensive governance and compliance guidance to uphold a fair and competitive market environment, ultimately promoting the sound development of the industry.
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