Source: Tech – South China Morning PostOn August 1, China’s state planner announced a crackdown on “herd behaviour” in emerging industries, targeting the surge of capital into hot sectors such as electric vehicles (EVs), batteries and solar. Officials warned against “blind imitation” where firms large and small pile into the same space, sparking price wars and overcapacity.
This frenzy, often dubbed neijuan or “involution” in China, has become a major liability. The new rules aim to prevent chaotic boom-bust cycles and enforce…Read More