Market Regulation & Competition - Focus on rectifying disorderly low-price competition among enterprises, especially in "involution" prone areas, using legal and regulatory measures [1] - Strengthen the self-regulatory role of industry associations to guide enterprises in improving product quality [1] - Promote the orderly exit of outdated production capacity [1] - Continue to carry out special actions to regulate law enforcement involving enterprises [1] Unified Market Construction - Improve the fiscal and tax system, statistical accounting system, and credit system to facilitate market unification [1] - Focus on rectifying irregularities in government procurement bidding and strengthen the fairness review of winning bid results [1] - Focus on rectifying irregularities in local investment promotion and formulate a unified national list of local investment promotion behaviors [1] - Facilitate the path for export products to be sold domestically [2]

Core Viewpoint - The express delivery industry is experiencing a new round of price increases, with the base price in Guangdong province raised to 1.4 yuan per ticket starting August 4, 2023, in response to ongoing "involution" competition and regulatory pressures [1][2][3]. Group 1: Price Adjustments - The base price for express delivery in Guangdong has been adjusted to not be lower than 1.4 yuan per ticket, with penalties for non-compliance [1]. - Major express companies, including the "Tongda system," have begun implementing price increases, particularly for special items weighing 0.1 kg, with increases ranging from 0.4 to 0.5 yuan [1][3]. - The price adjustment comes after a period of declining prices, where some companies reported monthly ticket prices dropping below 2 yuan [1][7]. Group 2: Industry Context - The express delivery sector has been plagued by "low-price competition," leading to reduced profit margins for delivery points and lower service quality [3][4]. - Regulatory bodies have emphasized the need to address "involution" and low-price competition, with recent meetings highlighting the importance of maintaining a healthy market order [2][5]. - The central government has initiated measures to combat low-price competition, aiming to guide companies towards rational pricing and improved service quality [2][6]. Group 3: Market Dynamics - The express delivery market is heavily influenced by e-commerce, with companies historically lowering prices to gain market share, resulting in a vicious cycle of reduced profits and service quality [3][4]. - Recent data indicates that the average ticket price for express delivery has been declining, with a reported 4% decrease year-on-year in 2023 [6][7]. - The industry is expected to see a shift from price competition to value competition, driven by regulatory support and a focus on service quality [7].

Core Viewpoint - The National Development and Reform Commission (NDRC) is accelerating the revision of the pricing law to address low-price disorderly competition and promote orderly competition within industries [1] Group 1: Pricing Law Revision - The NDRC is working on a draft revision of the pricing law that clarifies the standards for identifying unfair pricing behaviors such as low-price dumping [1] - The focus will be on addressing behaviors that aim to eliminate competitors or monopolize the market through below-cost pricing [1] - The scope of low-price dumping regulations will now include services, and the draft is currently open for public consultation [1] Group 2: Policy Implementation and Industry Oversight - The NDRC plans to enhance policy promotion and reminders, targeting industries with significant "involution" competition issues [1] - There will be targeted cost investigations to understand production and operational conditions, encouraging companies to self-regulate their pricing behaviors [1] - The NDRC emphasizes that competition must adhere to rules and boundaries to prevent quality decline, service reduction, and infringement issues that harm consumer rights and hinder industry development [1] Group 3: Future Directions - The NDRC will continue to enforce laws and regulations to comprehensively address low-price disorderly competition [1] - Clear governance measures will be established to guide companies towards scientific and rational pricing, effectively regulating market price order and promoting orderly competition within industries [1]

Group 1 - The core viewpoint emphasizes the need for regulating low-price disorderly competition to correct market failures and establish a fair competitive environment for various business entities in the national unified market [1][2] - Major food delivery platforms, including Meituan, Ele.me, and JD.com, have publicly committed to adhering to relevant laws and resisting unfair competition practices [1][2] - The recent surge in promotional activities like "0 yuan purchase" and "1 cent grab" reflects the intense competition among platforms for user traffic and market share in local life services [1][2] Group 2 - Disorderly competition is detrimental not only to the industry's healthy development but also to the platforms themselves, potentially distorting market consumption structures and impacting normal business operations [2] - Rational competition is essential for creating greater value, as irrational competition leads to a lose-lose situation, while rational competition can enhance overall productivity and benefit both consumers and businesses [2] - The new Anti-Unfair Competition Law, effective from October 15, prohibits platform operators from forcing or indirectly compelling merchants to sell products below cost, aiming to maintain market order [3]

Economic Overview - The GDP growth for the first half of the year is 5.3%, which is an increase of 0.3 percentage points compared to the same period last year and the full year [2] - The contribution rate of final consumption to economic growth reached 52% in the first half of the year, with a second-quarter contribution rate of 52.3%, up 0.6 percentage points from the first quarter [3] Consumption Expansion - The total retail sales of consumer goods increased by 5% in the first half of the year, with a growth rate 0.4 percentage points higher than the first quarter and 1.3 percentage points higher than the same period last year [3] - The "old-for-new" policy has driven sales exceeding 1.7 trillion yuan, with retail sales of home appliances and communication equipment increasing by 30.7% and 24.1% respectively [3] Policy Implementation - The National Development and Reform Commission (NDRC) plans to implement a fourth batch of 690 billion yuan in special bonds for consumer goods by October, completing a total of 3 trillion yuan for the year [3] - The NDRC aims to enhance consumer capacity, cultivate new growth points in service consumption, and optimize supply to encourage consumption [4] Artificial Intelligence Initiatives - The NDRC is promoting the "Artificial Intelligence +" initiative to enhance efficiency and optimize experiences across various industries [5] - The focus is on large-scale commercial applications of AI, leveraging China's complete industrial system and large market scale [5] Competition Regulation - The NDRC is addressing low-price disorderly competition, which can harm consumer rights and hinder industry development [7] - The revision of the pricing law aims to clarify standards for identifying unfair pricing behaviors, including low-cost dumping [7]

Group 1 - The core viewpoint emphasizes the need for regulating low-price disorderly competition to correct market failures and establish a fair competitive environment for various business entities in a unified national market [1][2] - Major food delivery platforms, including Meituan, Ele.me, and JD.com, have collectively called for the standardization of industry competition, pledging to adhere to relevant laws and eliminate unfair competition practices [1][2] - The recent surge in promotional activities like "0 yuan purchase" and "1 cent grab" reflects the intense competition among platforms for user traffic and market share in the local life service sector [1][2] Group 2 - Disorderly competition is detrimental not only to the healthy development of the industry but also to the platforms themselves, potentially distorting market consumption structures and impacting normal business operations [2] - Rational competition is essential for creating greater value, as irrational competition leads to a lose-lose situation, while rational competition can enhance overall productivity and benefit both consumers and businesses [2] - The newly revised Anti-Unfair Competition Law will take effect on October 15, explicitly prohibiting platform operators from forcing or indirectly forcing merchants to sell products below cost, thereby disrupting market order [3]

Group 1 - Major food delivery platforms, including Meituan, Ele.me, and JD, have called for a halt to irrational competition and excessive subsidies, emphasizing the need for a fair and orderly industry environment [2][4][6] - The National Development and Reform Commission has announced plans to regulate low-price competition and guide companies towards rational pricing to promote orderly competition in the market [8] - The recent subsidy wars have led to significant increases in consumer health issues, with reports of emergency room visits rising due to excessive consumption driven by promotional activities [9][10] Group 2 - The competition among platforms has intensified, with a reported investment of 25 billion yuan in the second quarter alone, indicating a fierce battle for market share in the instant retail ecosystem [11] - Platforms are adopting various strategies to enhance service and operational efficiency, such as Meituan's dynamic subsidy model and JD's focus on quality dining, while also facing the challenge of sustaining these subsidy costs in the long term [12] - Experts suggest that the unsustainable nature of the subsidy wars may lead to a shift towards service premium models, urging platforms to better meet consumer needs and stimulate merchant engagement for industry growth [12]

Group 1: Economic Development and Investment - The National Development and Reform Commission (NDRC) has completed the allocation of the "two重" construction project list amounting to 800 billion yuan, with 735 billion yuan of central budget investment also largely allocated [2] - The NDRC plans to enhance coordination and resource allocation to accelerate project construction and ensure high-quality implementation of the "two重" initiatives [2] - A total of 690 billion yuan in special bonds for consumer goods replacement has been allocated, with plans for a fourth batch of 690 billion yuan in October, completing the annual target of 300 billion yuan [2] Group 2: Consumer Spending and Economic Contribution - In the first half of the year, the total retail sales of consumer goods increased by 5%, with final consumption contributing 52% to economic growth [4] - The "old for new" policy has driven sales exceeding 1.7 trillion yuan, with significant growth in retail sales of home appliances and new energy vehicles [4] - Various departments have implemented significant policies and activities to boost consumption, enhancing the overall consumption environment [4] Group 3: Artificial Intelligence Initiatives - The NDRC is promoting the "Artificial Intelligence+" initiative to enhance efficiency and optimize experiences across various sectors [3] - The focus is on scaling commercial applications of AI, leveraging China's complete industrial system and large market scale [3] - The NDRC aims to improve the AI innovation ecosystem by increasing policy support and establishing a collaborative governance framework [3] Group 4: Competition Regulation - The NDRC is addressing low-price disorderly competition to protect consumer rights and ensure fair market practices [6] - A revision of the pricing law is underway to clarify standards for identifying unfair pricing behaviors, including predatory pricing [6] - The NDRC will conduct targeted investigations in industries with significant "involution" competition issues to promote rational pricing [6]

蒋毅介绍，一方面加快推进价格法的修订，修订草案中进一步明确了低价倾销等不正当价格行为的认定 标准，将重点整治为排挤竞争对手或独占市场、低于成本价倾销的行为，并将服务纳入了低价倾销规制 的范围。 目前修订草案正在向社会征求意见，他补充说，欢迎社会各界提出宝贵意见。 另一方面，国家发展改革委将加强政策的宣贯和提示提醒，选取内卷式竞争问题比较突出的行业和领 域，有针对性开展成本调查，摸清企业生产经营的情况，督促企业自觉规范价格行为。 中经记者 索寒雪 北京报道 8月1日，在国家发展改革委新闻发布会上，国家发改委政策研究室主任蒋毅表示，将选取内卷式竞争问 题比较突出的行业和领域，有针对性开展成本调查，摸清企业生产经营的情况，督促企业自觉规范价格 行为。 他表示，竞争是市场经济的基本特征，良性竞争一定程度上为消费者带来价格优惠和消费福利。然而竞 争也是有规律有底线的，如果过了头、越了界，引发低价无序竞争，出现质量下降、服务缩水、侵权假 冒等现象，就会损害消费者的合法权益，拖累企业自身的发展，让整个行业陷入低效甚至无效的内卷式 竞争。 据了解，中央财经委员会第六次会议对依法依规治理企业低价无序竞争做出了明确部署。国家发展 ...

Core Viewpoint - The National Development and Reform Commission (NDRC) is accelerating the revision of the pricing law to address the issue of low-price disorderly competition among enterprises, focusing on identifying unfair pricing behaviors such as predatory pricing and below-cost selling [1][2]. Group 1 - The NDRC will clarify the standards for identifying unfair pricing behaviors in the revised pricing law, particularly targeting behaviors aimed at eliminating competitors or monopolizing the market [1]. - The NDRC plans to conduct targeted cost investigations in industries with significant "involution" competition issues to understand production and operational conditions [1]. - The NDRC emphasizes that while competition is essential for market economy, excessive and disorderly competition can lead to negative outcomes such as quality decline and infringement, ultimately harming consumer rights and industry development [1]. Group 2 - The NDRC aims to guide enterprises towards scientific and rational pricing practices to effectively regulate market price order and promote orderly competition within industries [2].