China’s ‘involution’ trap is hurting nation’s competitiveness, state media warns

Economic Daily commentary says ‘neijuan’ – a self-defeating cycle of too much competition – is still prevalent and poses a threat to sustainable growth.

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https://www.scmp.com/economy/china-economy/article/3307582/chinas-involution-trap-hurting-nations-competitiveness-state-media-warns?utm_source=rss_feed