Commentary: What Beijing Is Learning From Its War on ‘Excessive Competition’
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Excessive “involution-style” competition has become a significant bottleneck constraining the efficiency of China’s economy. It has been over a year since a July 2024 Politburo meeting first called for “preventing vicious, ‘involution-style’ competition,” and related policies have continued to roll out. The task of “comprehensively addressing ‘involution-style’ competition” has now been incorporated into the proposal for the 15th Five-Year Plan.
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