China to tighten controls on price wars, boost support for overseas expansion

BEIJING, March 26 (Reuters) - China's market regulator on Thursday vowed to step up efforts to regulate destructive price wars at a meeting with leading state and private firms including CATL300750.SZ, BYD 002594.SZ and Meituan 3690.HK.

The State Administration for Market Regulation said in a statement after a symposium on fair competition that it will strengthen anti-monopoly regulation, and provide greater support for firms expanding into overseas markets.

Other companies attending the meeting include Chery Automobile 9973.HK, DiDi Global, China Minmetals and China State Construction Engineering Corporation.