China moves to stop price wars in ‘anti-involution’ push

The Chinese government has launched a nationwide campaign to prevent companies from offering “cutthroat” prices, following a year-on-year decline in industrial profits across various sectors in the first half of this. The Politburo of the Chinese Communist Party (CCP) Central Committee, in a meeting on July 30, decided to deepen the construction of a unified […] The post China moves to stop price wars in ‘anti-involution’ push appeared first on Asia Times .