Caixin

Commentary: What Beijing Is Learning From Its War on ‘Excessive Competition’

Published: Nov. 24, 2025  5:54 p.m.  GMT+8
00:00
00:00/00:00
Listen to this article 1x
The scope of the anti-involution campaign has expanded from traditional industries such as steel, coal and cement to emerging fields such as solar, new-energy vehicles and the platform economy. Photo: VCG
The scope of the anti-involution campaign has expanded from traditional industries such as steel, coal and cement to emerging fields such as solar, new-energy vehicles and the platform economy. Photo: VCG

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.

loadingImg
You've accessed an article available only to subscribers
VIEW OPTIONS

Unlock exclusive discounts with a Caixin group subscription — ideal for teams and organizations.

Subscribe to both Caixin Global and The Wall Street Journal — for the price of one.

Disclaimer
This is an AI-generated English rendering of original reporting or commentary published by Caixin Media. In the event of any discrepancies, the Chinese version shall prevail.
Share this article
Open WeChat and scan the QR code
DIGEST HUB
Digest Hub Back
Subscribe to unlock Digest Hub
SUBSCRIBE NOW
PODCAST
Caixin Deep Dive: Chinese Local Governments Risk Replicating Mistakes of LGFVs
00:00
00:00/00:00