FAW-GAC deal shows Beijing’s desire to stop burning cash, analysts say
Morning rush hour in Beijing: The prospect of a shake-up has long loomed over the country’s overcrowded automotive sector. © Reuters
GLORIA LI
September 25, 2026 14:47 JST
HONG KONG — A high-profile tie-up between two major Chinese state-owned carmakers has raised the possibility of broader consolidation across the world’s largest car market, as Beijing’s patience with chronic overcapacity in the industry wears thin.