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Chinese companies whether consumer or industrial B2B are fierce competitors with foreign firms or simply more so with themselves. There is already lifting chains any local price war for cars built in China. (Imported automobiles face high tariffs and are common luxury labels.) There are too many car makers making similar products with little value that will not be with 5 years time. Cut on interest rates not possess the ability to offer real value such that customers want their offering on something instead of price.

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