“反内卷”再出实招，两部门治理价格无序竞争

Core Points - The announcement aims to address chaotic price competition in key industries by evaluating average industry costs and enhancing price regulation [1][2] - The initiative is part of broader efforts to resolve structural contradictions in key industries and promote the exit of inefficient capacities while expanding mid-to-high-end supply [1][2] - The announcement emphasizes the importance of maintaining fair competition and the role of market mechanisms in resource allocation [1][3] Industry Measures - Industry associations are encouraged to assess average costs to provide pricing references, improve management, and evaluate competition [2][3] - Operators are advised to align their pricing strategies with both their own costs and industry averages to ensure reasonable pricing [2][3] - Strict adherence to the bidding laws is mandated, prohibiting bids below the operator's own costs while allowing bids above personal costs but below industry averages [3] Regulatory Actions - The announcement outlines three regulatory measures against disordered price competition: warnings, enforcement actions, and credit penalties [3] - Operators suspected of price disorder will receive warnings and may face investigations if non-compliance continues [3] - The long-term goal is to create a more efficient and regulated market environment through various strategic initiatives [3][4] Industry Performance - Recent data indicates improvements in profits and prices in related industries, with a 22.1% year-on-year profit growth in raw material manufacturing from January to August [4] - The steel industry has turned profitable, and the Producer Price Index (PPI) has shown signs of stabilization after a prolonged decline [4] - Price declines in sectors like photovoltaic and new energy vehicle manufacturing have also narrowed, indicating a potential recovery [4]