China Moves to Curb the Car Market’s Growing Oversupply

China is sending clearer signals that it wants to intervene in the crowded car market, a problem that has forced automakers for months to cut prices and accept thinner margins just to clear inventory.

For the industry, that is a meaningful shift: if Beijing follows through with a tougher stance on excess supply, carmakers may have to rely less on price wars and more on quality, technology and profitability.