21社论丨供需逐步改善，持续规范市场竞争秩序

Group 1 - The core consumer price index (CPI) has shown a positive trend, with a year-on-year increase of 1% for the core CPI, marking the first return to this level in 19 months, despite the overall CPI being -0.3% [1] - The producer price index (PPI) has decreased by 2.3% year-on-year, but the decline has narrowed for two consecutive months, indicating a recovery in industrial prices from both the purchasing and factory levels [1][2] - The structural changes in CPI and PPI reflect improvements in market competition and supply-demand relationships, driven by the ongoing construction of a unified national market and effective capacity governance in key industries [1][2] Group 2 - Service prices have maintained a year-on-year increase of 0.6%, with significant growth in medical and household services, indicating a dual effect of consumption upgrades and policy guidance [2] - The recovery in traditional industries such as coal and steel is attributed to improved supply-demand dynamics and deepened capacity governance, marking a significant shift in market competition [2][3] - The new Anti-Unfair Competition Law, effective from October 15, aims to address challenges in the digital economy and provides a legal basis for curbing "involutionary" competition, particularly price wars that disrupt market order [3][4] Group 3 - The positive effects of optimized market order are extending from traditional industries to emerging sectors, with significant narrowing of price declines in industries like photovoltaic equipment and new energy battery manufacturing [3] - The law's core breakthrough is the prohibition of forced or disguised forced sales below cost by platform operators, empowering regulatory authorities to address disruptive pricing behaviors [3][4] - The focus of market competition is expected to shift from price wars to value wars, encouraging companies to innovate and enhance service quality, fostering a healthier and more sustainable market environment [4][5]