China’s auto industry reaches consolidation tipping point

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 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.

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