内卷能治

Core Viewpoint - The most significant event affecting the development of China's automotive industry in 2024 is the governance of "involution," which has profound implications for future growth [1]. Group 1: Indicators of Involution - There are clear economic indicators to measure the presence of involution, such as industry average profit margins being lower than the national average and the presence of excessive price competition [1]. - Specific manifestations of involution include prolonged payment terms across the industry and the prevalence of unethical practices like black public relations [1]. Group 2: Identifying Involution in Enterprises - Identifying which enterprises are leading in involution can be achieved through industry research and discussions, as internal stakeholders are aware of the competitive landscape [2]. - The primary manifestations of involution can be discerned through organized industry studies and dialogues [2]. Group 3: Causes of Involution - The main cause of involution is the competitive attitude of corporate leaders rather than overcapacity or product homogeneity [2]. - Overly competitive behavior, where companies prioritize suppressing competitors over mutual industry growth, is a key driver of involution [2]. Group 4: Government's Role in Governance - The government's approach to managing involution involves consistent enforcement of existing laws and regulations rather than strict punitive measures or a return to planned economy [3]. - Long-term regulatory patience is necessary to maintain competitive order within the industry, with a focus on creating a fair competitive environment [3]. Group 5: Understanding Involution - Involution is characterized as excessive competition, a unique phenomenon within the context of China's socialist market economy, necessitating governance [5]. - It is crucial for government departments to recognize the governance of involution as an important task and a form of management innovation in the new stage of socialist market economy [5].