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On CN POE Involution Competition, NDRC Coordinates Law Amendments, Other Measures
Recommend 18 Positive 37 Negative 21 |
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In fostering high-quality development of the private economy, China’s National Development and Reform Commission (NDRC) established a regular communication mechanism with private-owned enterprise (POEs), holding 17 symposiums and face-to-face exchanges with nearly 80 POEs, according to CCTV, citing the NDRC press conference. Regarding the “involution” competition issue that enterprises are broadly concerned about, measures such as amending laws, introducing policies, refining standards, and strengthening industry self-discipline are being coordinated. BABA-W (09988.HK)(BABA.US) subsidiaries Taobao Instant Commerce and Ele.me, MEITUAN-W (03690.HK)(MPNGY.US), and JD-SW (09618.HK)(JD.US) each issued statements today (1st), calling for a boycott of disorderly competition, not selling goods and services at sharply below cost prices, and resolutely barring unfair competition and resisting malicious competition. AASTOCKS Financial News Website: www.aastocks.com |
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