The China Association of Automobile Manufacturers (CAAM) organized 16 automakers to sign a pledge earlier this week to jointly maintain order in China's auto market, and the statement about prices in the pledge raised widespread discussion.

Now, the CAAM has announced that it has adjusted the pledge to remove the price-related statement to avoid misunderstandings. On July 6, the CAAM organized a group of 16 car companies to issue a pledge to fulfill its responsibility to maintain fair competition in the market.

However, the CAAM realized that the statement in the pledge, "not to disrupt the fair competition order of the market with abnormal prices," is inappropriate and inconsistent with the principles of China's anti-monopoly law, the statement said.

The CAAM announced that the price-related statement was removed from the commitment and urged the 16 car companies and other CAAM members to comply with the anti-monopoly law and other laws and regulations and to conduct their own pricing to compete fairly.