反内卷要打“持久战”，新能源车光伏仍是重点

Core Viewpoint - The article emphasizes the need for comprehensive regulation of "involutionary" competition in various industries, particularly in the context of stabilizing industrial growth in China. This involves creating a long-term mechanism to address irrational competition and promote a healthier industrial ecosystem [2][4][6]. Group 1: Key Tasks for Industrial Growth - The Ministry of Industry and Information Technology (MIIT) has outlined eight key areas for focus in the second half of the year, including expanding domestic demand and enhancing the quality of key industrial chains [2]. - The emphasis on "strengthening the foundation" and "value creation" aims to address current economic contradictions and improve industrial governance [2][21]. Group 2: Regulation of Involutionary Competition - The MIIT is prioritizing the regulation of "involutionary" competition in sectors like new energy vehicles and photovoltaics, with a focus on establishing a long-term regulatory mechanism [6][11]. - Recent meetings have highlighted the need for systematic policies to combat unfair competition practices and promote product quality [8][9]. Group 3: Legal Framework and Policy Developments - The revision of the Anti-Unfair Competition Law and the upcoming amendments to the Price Law are expected to enhance legal measures against low-price dumping and other unfair pricing behaviors [17][18]. - The new legal framework aims to create a comprehensive regulatory system that addresses irrational competition and supports market order [19]. Group 4: Industrial Economic Performance - China's industrial economy has shown resilience, with a reported 6.4% year-on-year growth in industrial value added for the first half of the year, driven by high-tech and equipment manufacturing sectors [22][24]. - The MIIT plans to implement a new round of growth stabilization actions across ten key industries, focusing on structural adjustments and the elimination of outdated production capacity [23]. Group 5: Addressing Corporate Debt Issues - The issue of overdue accounts receivable remains a significant challenge for many companies, with a reported 26.69 trillion yuan in accounts receivable as of June 2025, reflecting a 7.8% year-on-year increase [25]. - The government is taking steps to accelerate the clearance of overdue payments and establish a long-term regulatory mechanism for corporate fees [26][27].