China Warns Against ‘Involution’ in Local Economies | WION World Business Watch

Описание: China’s ruling Communist Party has warned local governments against “involution,” fierce, low‑quality competition that drives down prices and undermines sustainable growth. Officials have emphasised the need for tailored regional development plans that leverage local resources and geography rather than blindly chasing trends. Beijing’s policy push aims to curb destructive price wars and encourage higher‑quality, innovation‑driven economic strategies

#china #communism #business #wion


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