Summary: China’s Premier Li Qiang called for tighter pricing regulation in the electric car sector to address deflationary pressures caused by price wars. The Premier emphasized the need for automakers to improve competitiveness through innovation and quality upgrades, while also urging renewed efforts to boost domestic consumption. Economists suggest that while Beijing aims to curb excess supply, it must balance this with maintaining growth and job security, especially amidst an ongoing trade war with the U.S.

Link: https://www.cnbc.com/2025/07/17/china-premier-li-qiang-urges-end-price-war-deflation-pressures-squeeze-economy-jobs-involution.html