The central authorities recently urged governments of various levels to take necessary measures to prompt industries to strengthen self-discipline and prevent vicious "involutionary" competition.
Banking associations, including those in the city of Shanghai, as well as Guangdong, Zhejiang and Anhui provinces, have launched measures to curb "involution-style" competition, targeting ...
The regulators publicly detailed the first wave of violations uncovered during a comprehensive crackdown on the cutthroat, self-defeating competition among digital platforms that the government has ...
This was the most philosophical line I heard from a ride-hailing driver during my trip to Dali before the Spring Festival. He said that it lightly, with a touch of self-mockery, but I could hear the ...
If one were to judge the priorities of this year's two sessions by the sheer density of cameras and voice recorders, the answer would be unequivocal: it's the economy. As we step into the opening year ...
China’s top market regulator has summoned the country’s leading tech companies to demand an end to “involutionary” competition, at the time when the companies are pouring billions of yuan into a Lunar ...
China’s market regulator summoned major online platform companies on Friday, directing them to comply with laws and regulations, and rein in promotional practices. The State Administration for Market ...
China’s export powerhouse is feeding global demand for cheaper electronics, cars, clothing, and plenty more besides. But the supercharged competition driving that trend is causing problems within ...
Baijiu, China’s favourite firewater, is losing its bite. This year retail prices have been hovering around the benchmark of 1,499 yuan ($212) a bottle, as set by Kweichow Moutai, a state-owned giant.
Forbes contributors publish independent expert analyses and insights. I am the CIO of KraneShares, a China-focused ETF provider. Asian equities were mixed on rising expectations of another US interest ...
LONDON, Nov 4 (Reuters) - Could Beijing's solution to overcapacity in China's aluminium sector be a template for other metals? Yes, according to China's state-backed non-ferrous metals industry ...
China is gripped by an insidious problem that is eroding its economy: It is trapped in a cycle of competition so fierce that it is destroying profits, driving a brutal rat race among workers and ...