(Source: "Beijing News" 2025-03-05)
At the National Two Sessions in 2025, rectifying “involution” w88 online sports betting has become a hot topic. After being first proposed at the Central Economic Work Conference last year, the comprehensive rectification of "involution" w88 online sports betting was included in the government work report for the first time at this year's Two Sessions.
Huang Yong, Director of the Competition Law Center of the w88 casino and Director of the Economic Law Department of the w88 casino of LawIn an interview with a reporter from the Beijing News, he said that the formation of "involutionary" w88 online sports betting has dual internal causes from the government and enterprises. It is a systemic issue related to the economic system and mechanism, and it is necessary to cultivate market soil for healthy w88 online sports betting through reform.
Xu Hongcai, deputy director of the Economic Policy Committee of the China Policy Science Research Society, believes that to achieve this year’s expected economic growth target of about 5%, it is necessary to ensure the implementation of various policies. Among them, comprehensive rectification of “involution” w88 online sports betting is particularly important.
Behind the shift from “prevention” to “comprehensive improvement”
High-level executives have long been concerned about the “involution” w88 online sports betting in the industry.
In July last year, the Political Bureau meeting of the CPC Central Committee proposed for the first time that "strengthening industry self-discipline and preventing 'involution' w88 online sports betting"; in December, the Central Economic Work Conference further listed "comprehensive rectification of 'involution' w88 online sports betting and standardizing the behavior of local governments and enterprises" as one of the key tasks in 2025.
Since the New Year, the National Development and Reform Commission, the State Administration for Market Regulation and other departments have made intensive statements on multiple occasions, emphasizing the comprehensive rectification of "involution" w88 online sports betting and actively resolving the periodic contradictions of oversupply in some industries. Combining solutions to industry w88 online sports betting disorder and "involution" issues with industry quality improvement and upgrading. Recently, the State Administration for Market Regulation also held a symposium on fair w88 online sports betting for some enterprises, inviting seven companies including Trina Solar, JA Solar, LONGi Green Energy, Alibaba Group, JD.com, BAIC Group, and Mercedes-Benz Group to have in-depth exchanges on rectifying "involutionary" w88 online sports betting.
Huang Yongsaid that "involution competition" is a vivid description of the fierce and vicious competition in various industries and links in our country. Behind the shift from "prevention" to "comprehensive rectification" is the phenomenon of "involution" characterized by low-level price wars and low-profit operations among enterprises. This phenomenon has spread to the production and circulation links of multiple industries. Systemic risks and hidden dangers in economic operations, international w88 and other fields have continued to accumulate, seriously restricting my country's industrial transformation and upgrading and high-quality economic development.
Huang Yong, director of the Competition Law Center of the w88 casino and director of the Economic Law Department of the Law w88 casino.
Avoid unreasonable excessive intervention in the market
Huang Yongsaid that "comprehensive rectification of 'involution' w88 online sports betting" was included in the government work report for the first time, which is of profound significance.
On the one hand, we must understand the causes of "involutionary" w88 online sports betting from the perspective of "making better use of the leading role of economic system reform". He said that the 2024 Central Economic Work Conference requires comprehensive rectification of "involution" w88 online sports betting and standardization of the behavior of local governments and enterprises. It shows that the formation of "involution" w88 online sports betting has dual internal causes from the government and enterprises. It is a systemic problem related to the economic system and mechanism. It is necessary to cultivate the market soil for healthy w88 online sports betting through reform.
On the other hand, we must implement the comprehensive rectification of "involutionary" w88 online sports betting from the perspective of "promoting the construction of a unified national market in depth". Among the basic institutional rules of the market, legal guarantees that strengthen the basic status of w88 online sports betting policy should be at the forefront, forming an institutional system that effectively coordinates w88 online sports betting policy and other policies, and play its irreplaceable role in eliminating local protection and market segmentation, and opening up bottlenecks and blockages that restrict the economic cycle.
“‘Involution’ will lead to a vicious cycle of low level, low efficiency, and low innovation in related fields for a long time, thus causing various risks.”Huang YongFor example, it is mainly manifested in the lack of w88 online sports betting policy coordination in the formulation and implementation of industrial policies, leading to excessive w88 online sports betting. Under the model of "national industrial policy + local detailed supporting facilities", local policy industries are highly homogeneous and compete more with each other than they cooperate with each other. While production and sales increase, prices and profits continue to fall, entering a shrinking cycle. Specifically, it has outstanding performance in industries such as new energy vehicles and photovoltaic panels.
He suggested that a research and judgment mechanism should be established to comprehensively manage the types and causes of "involutionary" w88 online sports betting in the industry, and distinguish between "policy-oriented" and "market-oriented" fields. For example, for "policy-oriented" fields, we should pay attention to the analysis of various regions. Based on the location and resource advantages, we should implement policies according to local conditions, highlight the advantages of "small but beautiful" and avoid the disadvantages of "big but comprehensive"; for "market-oriented" fields, we must pay attention to analyzing the restrictions of market access and regulatory measures on enterprises to expand application scenarios, and release the innovation vitality of enterprises.
At the same time, implement the top-level design and institutional mechanism of "strengthening the basic position of w88 online sports betting policy" to avoid unreasonable and excessive intervention in the market. Give full play to the function of w88 online sports betting policy to "respect the market and give priority to w88 online sports betting", and formulate and correct various policies in accordance with the laws of long-term progressive innovation and development of the market. In addition, the role of administrative monopoly law enforcement, fair w88 online sports betting review and other systems should be further brought into play, and the supervisory role of the People's Congress should be brought into play to prevent the government from issuing policies and rules that may exclude or restrict market w88 online sports betting.
“Involutionary” w88 online sports betting is the main reason for insufficient domestic demand
The just-released government work report sets the expected target for economic growth this year at around 5%. Xu Hongcai said that from an internal perspective of the Chinese economy, first of all, we must start a battle to defend 5% economic growth this year. "In order to achieve the mid-term goal of 2035, it is necessary to ensure that the economic growth rate is around 5% before 2030." Xu Hongcai said that stable economic growth requires ensuring the implementation of various policies.
Xu Hongcai said that the prominent contradiction in the current economic operation is insufficient demand. Changes in the external environment may bring new impacts to external demand. In this case, development focus needs to be more on domestic demand. He believes that the main reason that directly leads to insufficient domestic demand is the "involution" w88 online sports betting of domestic industries.
“‘Involution’ w88 online sports betting has led to continued low prices and negative PPI growth.” Xu Hongcai said that my country’s price level has been generally low in the past two years, which seems to be a good thing from a consumer perspective, because the same money can buy more things. However, from the perspective of the national economic cycle, continued low prices will lead to high real interest rates, increased debt burdens, companies are unwilling to increase investment, and people have fewer opportunities to find jobs and increase income.
“‘Involution’ w88 online sports betting itself is a kind of w88 online sports betting, but this w88 online sports betting is vicious w88 online sports betting.” Xu Hongcai said that one of its most prominent manifestations is the price war. Under the current background of economic downward pressure and a dangerous external environment, "involution" w88 online sports betting and repetitive construction have led to a waste of resources and market disorder.
To solve this problem, first of all, everyone needs to have a unified understanding. It is necessary to play a game of chess across the country, from the perspective of establishing a unified large market, to remove institutional barriers as much as possible, promote the free flow of production factors, improve the efficiency of resource allocation, and especially allow market mechanisms and market entities to play a greater role.
He believes that government departments should play a leverage role, standardize investment promotion, and leverage more social capital to participate extensively. Eliminate unreasonable subsidies to industries, and especially do not engage in w88 online sports betting for preferential policies. Such w88 online sports betting actually disrupts fair w88 online sports betting in the market.
Secondly, create a good business environment and guide enterprises to innovate and tap their potential instead of imitating in a hurry for quick success; for industries that currently have "involution" w88 online sports betting, it is necessary to implement a new production capacity mechanism to keep production capacity at a reasonable scale.
At the same time, we encourage and support enterprises to focus on their main responsibilities and main businesses, deeply explore market segments, avoid excessive homogeneous w88 online sports betting on the same track, and achieve misaligned w88 online sports betting and differentiated development.
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