China's stock market is buzzing over government promises to tackle price wars that have hurt profits and worsened global trade tensions. The prevailing catchphrase is "anti-involution," reflecting efforts to curb intense competition and overcapacity in industries like solar panels, steel, and electric vehicles. Chinese officials and industry groups have pledged to better regulate competition, boosting investor confidence in recent weeks. Analysts say such moves could stabilize industries, though progress will be slow. Overcapacity and local government resistance remain challenges. Experts believe consolidation through mergers or closures is inevitable but will take time.
