对于内卷式竞争，李超表示，整治内卷式竞争是大家都非常关注的一件事，当前中国经济正处于新旧动 能转换时期，新产业、新业态和新模式不断涌现。当前传统产业正在加快转型升级，这个过程中部分行 业出现结构性问题，突破了市场竞争边界和底线，扭曲了市场机制，扰乱了公平竞争秩序，必须加以整 治。"国家发改委针对内卷式竞争问题症结，因业施策、对症下药、标本兼治，化解重点产业结构性矛 盾，促进产业健康发展和升级。"李超说。 李超表示，今年以来，"两新"政策加力扩围、持续显效。在增强消费活力方面，截至5月5日，汽车、家 电、数码产品、家装厨卫、电动自行车等五大类产品带动销售额约8300亿元。在拉动投资增长方面，1- 4月，设备工器具购置投资同比增长18.2%，对全部投资增长的贡献率为64.5%。 "国家发改委力争在6月底前下达完毕今年全部的'两重'建设项目清单，高标准抓好组织实施。"李超表 示，国家发改委将会同财政部加快消费品以旧换新的资金下达工作，尽快做好2024年消费品换新资金清 算工作，下达后续资金额度。同时，提高资金使用效率，建立超长期特别国债资金直达快享机制，抓紧 推出加力实施设备更新贷款贴息政策，降低各类经营主体设备更 ...

Core Viewpoint - The Chinese government is addressing the issue of "involutionary" competition, which distorts market mechanisms and disrupts fair competition, particularly in the food delivery sector [2][3][4] Group 1: Government Response - The National Development and Reform Commission (NDRC) has highlighted the negative impacts of "involutionary" competition, including below-cost pricing and counterfeit products, which undermine market order [2] - The State Administration for Market Regulation (SAMR) has held discussions with major platforms like JD.com, Meituan, and Ele.me to ensure compliance with legal and fair competition practices [2][3] - The 2024 Central Economic Work Conference and the 2025 National People's Congress have emphasized the need for comprehensive measures to combat "involutionary" competition [2] Group 2: Industry Challenges - "Involutionary" competition is characterized by aggressive price cuts and subsidies that aim to eliminate competitors, leading to a deterioration of market conditions [3] - The phenomenon has been exacerbated by structural issues in various industries, including blind investment and failure to keep pace with technological advancements [3] - The prevalence of low-quality competition and illegal practices, such as counterfeiting, has increased, particularly in sectors undergoing transformation [4] Group 3: Market Implications - While consumers may benefit in the short term from price wars, the long-term consequences include potential price increases and compromised product quality [3] - The pressure on merchants' profits and the lack of protection for delivery personnel's rights have been significant issues arising from this competitive environment [3][4] - The need for legal regulation and enforcement is critical to restore healthy market order and encourage innovation among companies [4]

Group 1 - Xi Jinping emphasized the importance of building a community with a shared future between China and Latin America, proposing five major initiatives for cooperation and development [1] - Li Qiang highlighted the strategy of strengthening the domestic circulation to ensure stable economic growth, focusing on efficient resource allocation, technological innovation, and balancing supply and demand [2][3] - The recent China-US trade talks resulted in significant tariff reductions, with the US canceling 91% of additional tariffs and China reciprocating similarly [4][5] Group 2 - The National Committee of the Chinese People's Political Consultative Conference discussed leveraging technological innovation to enhance productivity and achieve high-quality development [6][7] - The State Council issued guidelines for urban renewal, aiming to optimize urban structures and improve living conditions through various initiatives [8][9] - A new "National Venture Capital Guidance Fund" was established to support technological innovation and the growth of strategic emerging industries [10][11][12] Group 3 - The State Administration for Market Regulation announced measures to combat "involution" competition, focusing on fair market practices and the enforcement of competition laws [13][14]

5月20日，国家发改委召开5月新闻发布会。会上，国家发改委新闻发言人李超表示，民营经济促进法今日起正式施行，这是社会主义 市场经济建设的标志性事件，在我国民营经济发展历程中具有里程碑意义。 他同时表示，整治内卷式竞争是大家都非常关注的一件事，当前中国经济正处于新旧动能转换时期，新产业、新业态和新模式不断涌 现。当前传统产业正在加快转型升级，这个过程中部分行业出现结构性问题，突破了市场竞争边界和底线，扭曲了市场机制，扰乱了 公平竞争秩序，必须加以整治。 53项配套举措陆续出台 作为中国第一部专门关于民营经济发展的基础性法律，民营经济促进法首次将"毫不动摇巩固和发展公有制经济，毫不动摇鼓励、支 持、引导非公有制经济发展"写入其中，以立法形式确立了民营经济的法律主体地位。 四方面发力整治内卷式竞争 "内卷式"竞争目前已成为提振民营企业信心途中的一只"拦路虎"。企业之间为了争夺有限的市场资源，不断加大投入、压低价格，陷 入低水平重复建设和价格战，导致企业效益下滑，创新能力受限。长此以往，不仅不利于增强民营企业信心，还会对民营经济长期健 康发展的生态环境造成负面影响。 李超表示，当前，中国经济正处在新旧动能转换期，新产 ...

Group 1: Economic Development and Investment - The National Development and Reform Commission (NDRC) aims to complete the list of all "two重" construction projects by the end of June, with a focus on both "hard investment" and "soft construction" [2][3] - In 2024, the NDRC has allocated 700 billion yuan for special long-term bonds to support major projects, including infrastructure along the Yangtze River and high-standard farmland construction [2] - The NDRC emphasizes the importance of these projects in stabilizing economic operations, optimizing industrial structure, and enhancing public welfare [2] Group 2: Foreign Investment Policies - The NDRC is revising and expanding the "Encouraged Foreign Investment Industry Catalog" to attract more foreign investment, particularly in high-end manufacturing and digital economy sectors [4] - Policies to encourage reinvestment by foreign enterprises in China are being developed, focusing on enhancing resource support and optimizing financial assistance [4] - The NDRC has established a task force to expedite the implementation of significant foreign investment projects, having already facilitated 66 projects with a total investment of 97 billion USD [5] Group 3: Market Competition and Regulation - The NDRC is addressing "involution" in competition, where some industries face structural issues and engage in unhealthy price competition [7] - Measures include promoting innovation, enhancing local regulations to eliminate protectionism, and optimizing industrial layouts to prevent the disorderly expansion of outdated capacities [8] - The NDRC is committed to strengthening market supervision to maintain fair competition and combat illegal activities such as counterfeit goods and price violations [8] Group 4: Consumer Market and Economic Stimulus - The NDRC has reported that as of May 5, over 3 million applications for the vehicle trade-in subsidy have been submitted, indicating strong consumer demand [9] - Retail sales in various categories, including home appliances and digital products, have shown significant year-on-year growth, contributing to an increase in total retail sales [9] - The NDRC plans to enhance the efficiency of fund allocation for consumer subsidies and streamline the application process to improve consumer experience [10]

国家发改委：内卷式竞争扭曲了市场机制、扰乱了公平竞争秩序，必须加以整治 金十数据5月20日讯，国家发改委政策研究室副主任、委新闻发言人李超表示，整治内卷式竞争是大家 都非常关注的一件事，当前中国经济正处于新旧动能转换时期，新产业、新业态和新模式不断涌现。当 前传统产业正在加快转型升级，这个过程中部分行业出现结构性问题，突破了市场竞争边界和底线，扭 曲了市场机制，扰乱了公平竞争秩序，必须加以整治。 （证券时报） ...

5月17日，南都记者获悉，近日在第16届广州酒店餐饮业博览会上，广东省餐饮服务行业协会秘书长程 钢在发言时指出，"'新质价值'不是靠卷低价、打补贴带来的，而是在数字化的加持下，比谁的餐品更 有品质，谁的服务更能赢得消费者青睐。"南都此前报道，国家市场监督管理总局党组书记、局长罗文 16日发表文章，再次强调要综合治理"内卷式竞争"问题。 广东省餐饮服务行业协会秘书长程钢发言。 据悉，5月15日，在2025第16届广州酒店餐饮业博览会&第16届广州国际餐饮食材展（简称"CRE广州餐 博会"）上，"餐饮生态·新质价值"分论坛备受关注，广东省餐饮服务行业协会等多位负责人剖析当前餐 饮行业发展趋势，并分享数字化对餐饮行业未来发展新机遇。 广东省餐饮服务行业协会秘书长程钢在发言时表示，当前行业出现了一些非理性竞争苗头——新入局者 以"低价补贴"为武器拓市场，比如几块钱的奶茶咖啡。"这种价格战看似热闹，实则模糊了餐饮业'以食 为本'的核心价值，不仅挤压商家利润空间、削弱创新动力，更可能导致食品安全风险，最终将损害整 个行业的健康发展。" 程钢指出，当前餐饮行业正经历一场深刻的变革：从"流量红利"到"效率红利"，从"规模扩张 ...

5、小米汽车副总裁否认"退订会造成小米汽车崩塌"传闻 6、乌方官员称谈判毫无成果 // 宏观预警 // 1、市场监管总局局长罗文：综合整治"内卷式"竞争 ，维护公平竞争市场秩序 国家市场监督管理总局局长罗文发文指出，当 前，"内卷式"恶性竞争破坏市场公 平竞争秩序，扭曲了 资源配置与价格信号，成为企业创新发展、向价值链中高端攀升的阻碍 。 我们要深刻认识到，综合整 治"内卷式"竞争是一项系统工程，要坚持系统施策，强化政府、企业、行业协会的协同治理，健全长效 机制，充分激发各类经营主体的内生动力和创新活力，推动有效市场和有为政府更好结合，形成既"放 得活"又"管得住"的经济秩序。 2、沪深交易所本周对风险警示板股票进行重点监控 // 今日关注 // 3、公募考核基准变化导致调仓？多位公募人士：该说法不准确、不专业 1、上市公司重大资产重组新规落地，提出多个"首次" 4、张坤卸任易方达副总，选择专注投资 杭州热联集团股份有限公司发布关于新增借款的公告，截至第1季度末，公司新增借款40.73亿元，占上 年末净资产100.36亿元的40.58%。 新增借款主要用于满足公司大宗商品产业服务业务的资金需求，符 合行业特征 ...

"外卖大战"不断升级，相关部门终于看不下去了。 5月13日晚间，市场监管总局官网发布通告称，近日会同中央社会工作部、中央网信办、人力资源社会保障部、商务部约谈了京东、美团、饿了么等平台企 业。 这次约谈，可以用"快、准、狠"来形容。尽管200来字的公告没有详说约谈内容，但不管从点名顺序、参与约谈的部门，还是从对平台企业"要求"的措辞 中，以及三天后市监局长在《人民日报》的发文来看，都能感受到明显的针对性和指向性，极具分析价值。 最近这两年，基于增强民营企业家信心的需要，主管部门很少约谈大型民营企业，年初还举行了民营企业座谈会，强调"大有可为"。 因此，这次五部门联合约谈显得尤为罕见。 从时间点上看，本次约谈有两个背景不得不提： 其一、《民营经济促进法》实施在即，本次约谈的本意在于维护市场稳定，维护民营企业的正常发展秩序。 其二、本轮"外卖大战"有愈演愈烈之势，已经从一场普通的"商战"演化为激烈的"舆论战"，甚至变成了浩浩荡荡的"东哥保卫战"，颇有饭圈应援之意。 在这两个背景下，主管部门及时出面约谈，最直接的作用就是立刻"止战"，体现了本次约谈"快"的特点。 从参与约谈的部门来看，除了市场监管总局、商务部两个主 ...

Core Viewpoint - The article emphasizes the need to comprehensively rectify "involutionary" competition to maintain a fair market order and promote high-quality economic development, as highlighted by Xi Jinping's directives and the government's work report [1][2][7]. Group 1: Market Competition Ecology - The article stresses the importance of correcting market failures and regulating competition order to ensure a fair competitive environment for all business entities [2][7]. - It identifies the prevalence of low-price, low-quality competition and illegal activities such as unfair competition and infringement, which distort market mechanisms and harm fair competition [2][4]. - The need for strict enforcement against unfair competition and price violations is highlighted, with a focus on key industries and sectors [2][3]. Group 2: Quality Supervision and Innovation - The article calls for increased quality supervision and inspection, particularly in online sales, to ensure consumer protection and product safety [3][4]. - It emphasizes the necessity for businesses to enhance their innovation capabilities to break free from the vicious cycle of "involutionary" competition, which hampers resource optimization and efficiency [4][5]. - The role of credit mechanisms in governing "involutionary" competition is discussed, advocating for the inclusion of entities with serious violations in a credit blacklist to enhance market discipline [4][6]. Group 3: Industry Standards and International Cooperation - The article advocates for the revision and establishment of national standards in key industries such as photovoltaics and electric vehicles to guide industry optimization and upgrade [5][6]. - It encourages businesses to explore diversified markets and engage in international cooperation, particularly in standardization and compliance with international regulations [6][7]. Group 4: Governance and Compliance - The article highlights the need for a systematic approach to address "involutionary" competition, involving collaboration among government, enterprises, and industry associations [7][8]. - It calls for the implementation of fair competition review systems and the rectification of improper market interventions to ensure a conducive business environment [7][8]. - The importance of enhancing enterprises' compliance management capabilities is emphasized, with a focus on training and communication to foster a culture of fair competition [8].