BUSINESS CHINA DAILY HONG KONG EDITION Wednesday, March 17, 2021 RIGHT TRACK Show sparks quality talk Home prices slightly higher amid row over car recalls Cooling measures By LI FUSHENG to play a bigger
[email protected] 6.78 million International carmakers should role in stabilizing number of vehicles recalled by ensure the quality of both their carmakers in China last year, property market products and services in China, according to the State Adminis- which would prove crucial for their tration for Market Regulation By WANG YING in Shanghai development in the largest and
[email protected] most competitive automotive mar- ket, experts said on Tuesday. models and dealerships. Ford suf- Home prices in major Chinese “They should at least have a cor- fered a sales decline in China for cities saw mild year-on-year growth rect attitude to problems when they around three years since 2016 but in February and experts expect the arise. It is obvious that people will its sales gradually rebounded in tightening measures to play a big- turn away from irresponsible 2020. ger role in cooling home prices and brands,” said Yale Zhang, managing Roy Lu, director of the Auto Gas- stabilizing the property market. director of Shanghai-based consult- goo Research Institute, said the Prices of new homes in the 70 cit- ing firm Automotive Foresight. exposure of Infiniti and Ford by Chi- ies tracked by the National Bureau Zhang’s remarks came after Chi- nese media including CCTV should of Statistics rose by 0.36 percent on na’s CCTV found that United States serve as a lesson to others, and it is a monthly basis in February, com- carmaker Ford and Japanese car- better to solve the problem before pared with the 0.28 percent gain in maker Nissan’s premium marque their image is tarnished.