Nine major mainland television-makers have decided to band together to protect themselves against vicious price competition and foreign countries' anti-dumping measures. The Ministry of Information Industry has endorsed the move by the major industry players to form China Television Makers Summit after the television manufacturing sector had been hit hard by the fierce price war waged in the domestic market in the past several years. Some TV manufacturers had tried to dodge the domestic market glut by exporting overseas only to find themselves being shunned by anti-dumping measures. The newly formed body will set a minimum retail price and ensure the industry's compliance by forming a joint inspection committee. The summit will also help organise joint representation by Chinese TV-makers in the European Union's anti-dumping lawsuit. A summit victory in the courts would help smooth the way for exports. The country churned out about 40 million TV sets a year, making it the largest TV manufacturing nation in the world. The nine major TV-makers accounted for more than 90 per cent of the country's total television-set exports last year. During the past several months, the cost of TV components has consistently risen, while the retail price of television sets has continued to fall. Manufacturers have turned their attention to competing on quality instead of price but there is still not enough room for everyone. The summit members will co-operate in product development and setting the standard for digital television broadcasting technology in the mainland.