21社论丨供需逐步改善，持续规范市场竞争秩序

Group 1: CPI and PPI Trends - The Consumer Price Index (CPI) shows a year-on-year decline of 0.3%, but the core CPI has risen for the fifth consecutive month, reaching a growth rate of 1%, marking the first return to this level in 19 months [1] - The Producer Price Index (PPI) has a year-on-year decline of 2.3%, with the rate of decline narrowing for two consecutive months, indicating a recovery in prices from the purchasing to the factory level in the industrial sector [1] Group 2: Structural Changes in Prices - Excluding energy, industrial consumer goods prices have increased by 1.8%, with a month-on-month increase of 0.3 percentage points, indicating a steady upward trend in prices due to improved market competition [1] - Service prices have maintained a year-on-year increase of 0.6%, with significant growth in healthcare and household services, reflecting the dual effects of consumption upgrades and policy guidance [2] Group 3: Supply and Demand Improvements - The improvement in supply and demand structures has led to price stabilization and recovery in traditional industries such as coal and steel, indicating effective governance of market competition [2] - The price decline in emerging industries like photovoltaic equipment and new energy battery manufacturing has significantly narrowed, showing a reduction in disorderly competition [3] Group 4: Legal and Regulatory Changes - The newly revised Anti-Unfair Competition Law, effective October 15, addresses challenges in the digital economy and provides a legal basis for regulating "involution" competition [3] - The law prohibits platform operators from forcing or indirectly forcing sellers to sell below cost, empowering market regulators to address disruptive pricing behaviors [3] Group 5: Future Market Dynamics - The implementation of the new law is expected to elevate competition from price wars to value wars, encouraging companies to focus on innovation, quality improvement, and service optimization [4] - This shift aims to create a more rational, healthy, and sustainable market environment, benefiting both businesses and consumers [4]