Source: China – South China Morning PostStimulating consumer demand and encouraging sustainable innovation are vital to China’s efforts to combat excessive competition – termed neijuan in Chinese, or “involution” – and could even help turn the trend into a virtuous cycle, analysts said.
Top-down macroeconomic policies are also crucial, as actions taken by enterprises alone are insufficient, they added.
“The essence of ‘involutional’ competition is inefficient competition in a limited market space,” analysts from China International…Read More