Chinese EV giant BYD slashed prices on May 23, prompting regulators to speak out. Despite that, analysts say that little can be done about the market competition. Falling prices of Chinese car exports ...
The word “involution”, or neijuan – referring to excessive competition in social and economic life – has become a common slang term in China. Students, workers and even business leaders have been ...
In economic policy documents, Beijing’s leadership used the term “involution”, neijuan in Chinese, in efforts to combat excessive competition in market segments such as photovoltaics and lithium ...
Gaoyuan Liu’s suggestion to compare answers was rejected outright after a difficult math exam. “Don’t involute yourself,” her classmates told her. Gaoyuan Liu, an LSA transfer student who then studied ...
Simply sign up to the Global Economy myFT Digest -- delivered directly to your inbox. You know the China story. Population? Huge. Economy? Very huge. Trade surpluses? Really huge. Maybe too huge. Even ...