News Sharing
For sharing news, please enter the email address of you and the receiver, then press SEND button.*Mandatory Fields
Receiver*
Enter email addresses, separated by semicolon (;). E.g. a@a.com;b@b.com
Your email address*
 Content Sharing
People's Daily Commentary Suggests to Break 'Involution Competition', Rely on Tech Innovation to Win Future
Amid fierce competition in the automobile industry in Mainland China, the state-run media outlet People's Daily published a commentary on Monday (14th), suggesting the need to ...
Reset
Send
The window will close in 5 seconds
People's Daily Commentary Suggests to Break 'Involution Competition', Rely on Tech Innovation to Win Future
Close
Recommend
100
Positive
200
Negative
74
 
SHORT SELL
 
STOCK INFO

Amid fierce competition in the automobile industry in Mainland China, the state-run media outlet People's Daily published a commentary on Monday (14th), suggesting the need to break the rat-race style competition ("nei juan").

Competition is a norm in a market economy, but engaging in price wars and "nei juan" only promotes the phenomenon of "bad money driving out good". Simply lowering prices will ultimately result in no winners; only by relying on technological innovation and industrial upgrading can one win the future.

Related NewsBOCOMI: NIO-SW L90 Precisely Addresses Consumer Demand for 'Large Space + High Cost-effectiveness' w/ More Space Advantage than YU7

AASTOCKS Financial News
Website: www.aastocks.com
Copyright(C) AASTOCKS.com Limited 2000. All rights reserved.
Disclaimer: AASTOCKS.com Ltd, HKEx Information Services Limited, its holding companies and/or any subsidiaries of such holding companies endeavour to ensure the accuracy and reliability of the Information provided but do not guarantee its accuracy or reliability and accept no liability (whether in tort or contract or otherwise) for any loss or damage arising from any inaccuracies or omissions.