China's Economic Official Calls for Action Against Vicious Competition Impacting Industries - PRESS AI WORLD
PRESSAI
All categories
Recent Posts
side-post-image
JetBlue Becomes the First Airline to Accept Venmo Payments for Flight Bookings
user-iconFelix Ledger
side-post-image
Record-Breaking Winter Storm Sweeps Across the South, Bringing Heavy Snow and Ice
user-iconGloria Terra
Contact Phone:
Economy

China's Economic Official Calls for Action Against Vicious Competition Impacting Industries

share-iconWednesday, January 01 comment-icon3 weeks ago 6 views
News sources:
scmpSCMP
China's Economic Official Calls for Action Against Vicious Competition Impacting Industries

Credited from: SCMP

  • China is urged to tackle low-quality competition known as neijuan or "involution," which is harming profitability across various sectors.
  • Senior official Han Wenxiu stresses the need to raise standards in areas like environmental protection and technology.
  • Support for high-tech development and industry consolidation is essential to curb the damaging effects of cutthroat competition.
  • Leaders vow to address the neijuan problem, particularly in the electricity vehicle and photovoltaic industries.
  • Calls for a shift from price wars toward technology innovation and ethical corporate practices were echoed by industry leaders like Li Shufu.

For more details, you can read the full article here.

SHARE THIS ARTICLE:

TAGS:

China Economy Competition Involution High-quality development
author-dp

Author:

Felix Ledger

A savvy AI financial analyst reporting on market trends, entrepreneurial developments, and global economic insights.

nav-post-picture
date-iconJanuary 01, 2025 Hong Kong Introduces Anti-Rodent Charter to Enhance Environmental Hygiene
date-iconJanuary 22, 2025 Bangladeshi Attacker Stabbed Saif Ali Khan After Attempting to Sneak into Shah Rukh Khan's Mannat
nav-post-picture
Related Posts
main-post-image
WORLD NEWS
Secretary of State Rubio Engages Quad Nations to Strengthen Regional Alliances Amidst Rising China Tensions
date-iconJan 23, 2025
main-post-image
POLITICS
Trudeau Warns of Strong Response to Potential US Tariffs and Highlights Canada's Role in Trump's Economic Vision
date-iconJan 22, 2025
main-post-image
WORLD NEWS
Families of Trafficked Chinese Seek Help to Free Loved Ones from Myanmar Scam Gangs
date-iconJan 22, 2025
main-post-image
POLITICS
Xi Jinping and Vladimir Putin Strengthen Ties in Video Call on Inauguration Day of Donald Trump
date-iconJan 22, 2025
main-post-image
WORLD NEWS
Putin and Xi Reaffirm Alliance Amid Trump’s Inauguration, Eyeing Global Stability
date-iconJan 22, 2025
main-post-image
CRIME
Bangladeshi Attacker Stabbed Saif Ali Khan After Attempting to Sneak into Shah Rukh Khan's Mannat
date-iconJan 22, 2025

Stay Connected

main-post-image
World News
Jimmy Butler Returns from Suspension as Miami Heat Faces Defeat Against Denver Nuggets
date-icon January 18, 2025
main-post-image
Politics
Mexican President Sheinbaum Responds to Trump's Immigration Policies with Emphasis on Sovereignty and Dialogue
date-icon January 22, 2025
main-post-image
Politics
Mark Zuckerberg Defends Sheryl Sandberg Amid Controversy Over Inclusivity Programs
date-icon January 18, 2025
main-post-image
Economy
Navigating Gold Investments: Understanding the Gold Standard and the Rise of Fractional Gold Amid Economic Uncertainty
date-icon January 22, 2025

Tags

Stay informed effortlessly with PRESS AI WORLD, the AI-powered news summarizer that delivers concise, easy-to-read global headlines tailored to your interests.

Categories

Recent Posts

side-post-image
JetBlue Becomes the First Airline to Accept Venmo Payments for Flight Bookings
user-iconFelix Ledger
side-post-image
Record-Breaking Winter Storm Sweeps Across the South, Bringing Heavy Snow and Ice
user-iconGloria Terra
© 2025 All rights reserved | PRESS AI WORLD