李超：从上一轮“去产能”关键点看“反内卷”

Core Viewpoint - The essence of "anti-involution" and capacity reduction is a necessary requirement for the deep transformation of China's economy and optimization of its economic structure [1] Group 1: Key Points on Capacity Reduction - The previous round of capacity reduction was significantly effective due to four key points: the importance of capacity reduction being elevated to the level of people's livelihood and social stability, the central government clearly defining the scale of excess capacity, state-owned enterprises being the main force in capacity reduction, and ensuring employment and livelihood as a crucial bottom line [2] - The central government's continuous emphasis on "anti-involution" helps improve market expectations regarding the correction of supply surplus [3] - The short-term focus of "anti-involution" will primarily be on controlling new capacity while optimizing existing capacity, with limited market clearing intensity [4] Group 2: Industry Self-Regulation and Standards - Current optimization of existing capacity mainly relies on self-regulation at the industry association level, differing from the administrative measures of the previous round of capacity reduction [5] - Low-standard backward capacity is expected to exit first, with the definition of backward capacity evolving to include industry technical standards alongside energy consumption and environmental protection [6] - Industries with low capacity utilization and high energy consumption or environmental requirements are likely to push for the exit of backward capacity more quickly, while industries with lower capacity utilization but higher technical characteristics may require clearer definitions before proceeding [7]