What is ‘involution’, China’s race-to-the-bottom competition trend?
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Arab News
Arabia Saudita
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What is ‘involution’, China’s race-to-the-bottom competition trend?
SHANGHAI: China’s leaders have pledged to put an end to aggressive price cuts by some Chinese companies which regulators say are spurring excessive competition that is damaging the economy. The so-called “anti-involution” campaign has been sparked by overcapacity among Chinese manufacturers — a leg»»»
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