China's market regulator on Monday unveiled measures to tackle "involution-style" competition across the platform economy and ...
Simply sign up to the Chinese economy myFT Digest -- delivered directly to your inbox. The writer is a senior adjunct researcher at the Rand Corporation’s China Research Center and senior associate ...
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A New Challenge for China’s Economy: ‘Involution’
China is gripped by an insidious problem that is eroding its economy: It is trapped in a cycle of competition so fierce that it is destroying profits, driving a brutal rat race among workers and ...
Simply sign up to the Global Economy myFT Digest -- delivered directly to your inbox. You know the China story. Population? Huge. Economy? Very huge. Trade surpluses? Really huge. Maybe too huge. Even ...
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 ...
HONG KONG, August 13 (Reuters) - Overcapacity has made its way into China’s domestic market, with price wars leading to collapsing profitability and accelerating deflation. The government has ...
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