China auto industry faces restructuring in next 3-5 years, says Geely

by SpeedLux
Geely automobile holding

Zhejiang Geely Holding’s Chairman, Li Shufu, stated on Wednesday China’s automotive industry deals with restructuring and bankruptcies in the next three to five years as the industry modifies itself.

Li made the discussion on the sidelines of China’s annual parliamentary meeting held in Beijing.

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