Workers operate at a workshop of a lithium battery company in Zaozhuang, East China's Shandong province, Jan 3, 2024. [Photo/Xinhua] The Central Economic Work Conference, which concluded last week, ...

The central authorities recently urged governments of various levels to take necessary measures to prompt industries to strengthen self-discipline and prevent vicious "involutionary" competition.

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 ...