The Political Bureau of the Central Committee of the Communist Party of China Should Strengthen Industry Self-discipline and Prevent "Involution" Vicious Competition

2024-07-31 17:28:04

Political Bureau of the Central Committee of the Communist Party of China: Strengthen Industry Self-discipline and Prevent "Involution" Vicious Competition

At the meeting of the Political Bureau of

the Central Committee of the Communist Party of China on July 30, it was emphasized that in order to strengthen emerging industries and future industries, we should vigorously promote high-level scientific and technological self-reliance, strengthen key core technologies, and promote the transformation and upgrading of traditional industries. To effectively support the development of gazelle and unicorn enterprises, we should strengthen industry self-discipline and prevent "involution" vicious competition. We should strengthen the mechanism of market survival of the fittest and smooth the exit channels of backward and inefficient production capacity.

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According to the tracking situation of China Cement Network, the situation of cement industry in 2024 will be more severe, and the utilization rate of production capacity will further decline. Especially in Henan and Tianjin, the utilization rate of clinker production capacity has been less than 50% in 2023, and this situation will probably continue in 2024.