TIANJIN, China -- The Chinese government will curb automakers' ability to invest in new production capacity as soon as this year, aiming to restrain capacity that far exceeds domestic demand and thin the crowd of small local players as well as "zombies" deemed no longer economically viable.
The government will "strictly regulate investment to prevent excess," an official from the National Development and Reform Commission said on Saturday at an international auto industry conference in Tianjin, the port city close to Beijing.
