INSUBCONTINENT EXCLUSIVE:
In addressing the price wars plaguing many industries in China, the country’s top leadership has resorted to a phrase rarely seen at a
high-level meeting, saying that enterprises’ “disorderly low-price competition” needs to be regulated.
Speaking at a top-level
economic meeting on Tuesday, President Xi Jinping used that phrase to explicitly characterise the much-debated phenomenon, in stark contrast
to officials who have, since late last year, favoured the vaguer term “involutionary competition”...
