反“内卷”需要增量思维

Core Viewpoint - The discussion highlights the issue of "involution" competition in various industries, particularly in the photovoltaic sector, emphasizing the need for market-oriented reforms and innovation to overcome this challenge [1][2]. Group 1: Involution Competition - In the first half of the year, nearly half of China's photovoltaic companies reported reduced losses or profit growth, indicating effective collaborative responses to "involution" competition at national, industry, and corporate levels [1]. - The phenomenon of "involution" competition is not limited to the photovoltaic industry but is also present in sectors like new energy vehicles, e-commerce, and food delivery, characterized by excessive price reductions and market saturation [1][2]. - The "involution" competition reflects a macro-level irrationality stemming from rational choices made by micro-level entities, highlighting market failures and inappropriate local government interventions [1][2]. Group 2: Government's Role - The government plays a crucial role in guiding the market to mitigate the negative effects of "involution" competition, with recent efforts to establish a unified national market and address local protectionism and market fragmentation [2]. - Regulatory measures, such as prohibiting companies from selling below cost, have been implemented to steer market competition towards orderliness [2]. Group 3: Corporate Strategies - Companies are encouraged to move beyond low-cost competition and adopt differentiated strategies to escape the "prisoner's dilemma," focusing on innovation and quality enhancement to capture new market opportunities [2][3]. - The photovoltaic industry has demonstrated the power of technological innovation, with companies like Longi Green Energy achieving significant advancements in solar cell efficiency, indicating a shift from price competition to value competition [3]. Group 4: Global Market Opportunities - The global photovoltaic market has seen a compound annual growth rate of 25.8% over the past decade, suggesting substantial potential for renewable energy demand, particularly for photovoltaic products [4]. - Companies are urged to pursue international expansion and high-level openness to explore new markets and opportunities beyond domestic competition [4].