China's State Administration for Market Regulation (SAMR) summoned platform companies, including BABA-W (09988.HK), Douyin, BIDU-SW (09888.HK), TENCENT (00700.HK), JD-SW (09618... These companies were ...

China Energy Storage Alliance (CNESA) organized a closed-door seminar in Beijing on Thursday to address involution-style competition in the new energy storage sector, with participation from nearly 30 ...

Instead of being a story of evolution and technological development, the story of China and EVs is one of “involution.” The Chinese economy suffers from an excess of competition. Too many products are ...

Companies should ‘uphold a fair and competitive’ environment to ‘foster innovation and healthy development’, regulator says.

Workers operate at a workshop of a lithium battery company in Zaozhuang, East China's Shandong province, Jan 3, 2024. [Photo/Xinhua] The Central Economic Work Conference, which concluded last week, ...

The Central Economic Work Conference, which concluded last week, stressed the urgency of addressing "involutionary" competition. The dog-eat-dog competition is mainly manifested in fierce homogeneous ...