Beijing is encouraging its biggest carmakers – Shanghai Automotive Industry Corp, FAW, Dongfeng and Changan – to lead consolidation of its automobile industry.
Detailing plans announced in January to support the automobile and steel sectors in the face of the global financial crisis, the state council, China's cabinet, pledged to increase the degree of concentration in both industries.
The move raises expectations that the government could also start spelling out policy targets for the other eight industries it has pledged to support during the past three months.
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