Panasonic Corp. has stopped making televisions in China, faced with severe price competition and slowing market growth, a person at the company said Saturday.

The decision to shut down its Chinese manufacturing site is part of the Osaka company’s efforts to buttress its struggling TV business, which recorded losses for six straight years through last fiscal year ended March 31. The company is also considering selling its TV factory in Mexico, according to the person, who spoke on the condition of anonymity.

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