What Is China's 'Anti-Involution' Campaign?
Bloomberg Televisionยท2025-08-11 02:22
It's vouchers galore on China's food delivery platforms, intense promotions, leaving customers spoilt for choice. Milk tea going practically free. Yes, there will be two nights.I drank 4 to 5 cups of milk tea in a day. The vouchers for first time buyers are too good. It's a waste not to use them, but I overused them and drank until I ended up in the hospital.The race to the bottom has become a national obsession and a policy problem. In July, China's politburo vowed to curb what it calls irrational price co ...