每经热评︱多个行业去产能“反内卷” 产业发展需突破单一路径

Core Viewpoint - The recent "anti-involution" actions in various manufacturing sectors in China, including collective production cuts by leading photovoltaic glass companies and initiatives from the China Cement Association, aim to alleviate excessive competition and promote high-quality development in the industry [1][2]. Group 1: Industry Actions - Major photovoltaic glass companies announced a collective production cut of 30% starting in July to ease "involution" competition [1]. - The China Cement Association issued guidelines to optimize industry structure and promote stable growth [1]. - Some steel mills received notifications for production cuts and emissions reductions [1]. Group 2: Market Response - Following these actions, the futures market saw price increases for polysilicon, coking coal, glass, and iron ore on July 3 [1]. - The A-share market showed strong performance in the steel and photovoltaic equipment sectors, indicating a significant boost in market sentiment [1]. Group 3: Economic Context - The current "anti-involution" strategy is a collective response from the business community to the national directive, emphasizing survival as a prerequisite for long-term development [1][2]. - The photovoltaic industry has faced challenges due to excessive low-cost competition, leading to a cycle of overproduction, price drops, and losses [1]. Group 4: Policy Framework - The government has implemented measures to curb local government expansion impulses, aiming to eliminate the incentives for "involution" [2]. - The focus of the current "anti-involution" effort is on promoting the orderly exit of outdated capacity and regulating local investment attraction [2]. Group 5: Industry Evolution - Some industries are exploring new paths while reducing production, such as leading photovoltaic companies increasing R&D investment and improving energy conversion efficiency [3]. - The competition is shifting from price wars to value competition, with a focus on technological innovation to build core competitiveness [3]. - The long-term solution to "involution" lies in driving industrial upgrades through technological innovation and breaking down institutional barriers to achieve high-quality development [3].