China’s electric vehicle makers and food delivery giants including BYD Co. and JD.com are locked in a fierce price war, prompting government concern over deflationary pressures and long-term sustainability. In response, President Xi Jinping has launched an “anti-involution” campaign to curb these practices. Bloomberg TV’s Minmin Low explains. (Source: Bloomberg)
www.bloomberg.com
#China039s #039AntiInvolution039 #Campaign
What Is China's 'Anti-Involution' Campaign?
