China's Anti-Involution Drive: A New Era for Market Competition and Investment

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Source: Reuters
China's Anti-Involution Drive: A New Era for Market Competition and Investment
Photo: Reuters
TL;DR

China is experiencing a trend called 'involution,' characterized by intense and often destructive price wars across sectors like electric vehicles, solar, and food delivery, driven by overcapacity and hyper-competition, which threaten economic stability and lead to diminishing returns and profits.

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