Core Viewpoint - The restaurant industry association in Zunyi, Guizhou, has called for food delivery platforms to cease extreme subsidy practices and unfair competition, highlighting the detrimental effects on the market and local businesses [1] Group 1: Industry Concerns - The association's statement emphasizes that recent extreme subsidy campaigns, such as "0 yuan purchase" and "18 yuan off for orders over 18 yuan," have triggered a price war below cost, disrupting market order and severely imbalance the industry ecosystem [1] - The ongoing competition has led to a vicious cycle where restaurants face the dilemma of either participating in loss-making promotions to gain visibility or opting out and losing customer traffic, resulting in significant operational challenges for many businesses [1] Group 2: Impact on Local Businesses - Many dining establishments that rely on dine-in customers are experiencing severe impacts due to the aggressive pricing strategies employed by delivery platforms, leading to financial distress and operational difficulties [1]

Core Viewpoint - The automotive industry is experiencing a "de-involution" movement, with major companies collectively reducing supplier payment terms to 60 days, addressing long-standing issues of supply chain pressure and vicious price wars that hinder high-quality development [1] Group 1: Supply Chain Pressure - The phenomenon of "squeezing suppliers" originated around 2000, where dominant companies delay payments to suppliers, forcing them to concede profits and narrowing their operational space [2] - Supply chain pressure has evolved from individual business practices to systemic arrangements within various industries, including automotive, where stronger companies impose financial burdens on weaker suppliers [3] Group 2: Vicious Price Wars - In the automotive sector, particularly in the new energy vehicle market, supply chain pressure is exacerbated by fierce competition and overcapacity, leading to a cycle of price wars that further compress profit margins [4] - The automotive industry's profit margins are projected to be only 4.3% in 2024, lower than the overall downstream industrial profit margin and down from 2023 levels, indicating a significant decline in profitability [5] Group 3: Regulatory Changes - The newly revised "Regulations on Payment for Small and Medium Enterprises" mandates that large enterprises must complete payments to small suppliers within 60 days, aiming to mitigate supply chain pressure and price wars [6]

Group 1: Electric Vehicle Trade Negotiations - The price commitment negotiations between China and the EU regarding electric vehicles are in the final stages, requiring further efforts from both sides [1] - Discussions between Chinese Minister Wang Wentao and EU Commissioner Šefčovič focused on finding a mutually acceptable solution to trade differences [1] Group 2: Price Wars in the Automotive Industry - The article highlights that there are no winners in vicious price wars, which can lead to a harmful cycle for industry development and consumer rights [2] - The China Automobile Association has issued a call to oppose price wars among car manufacturers to maintain fair competition [2] Group 3: New Energy Vehicle Promotions - In May 2025, the promotion rate for new energy vehicles decreased to 11%, showing a 1.6 percentage point increase from the previous month [3] - The number of models with price reductions has significantly decreased from earlier months, indicating a market recovery [3] Group 4: Used Car Market Performance - In the first four months of 2025, the cumulative transaction volume of used cars in China reached 6.31 million units, a year-on-year increase of 0.5% [4] - The transaction amount for used cars during this period was 413.4 billion yuan, reflecting a 2.7% decline year-on-year [4] Group 5: Auto Show Highlights - The 2025 Guangdong-Hong Kong-Macao Greater Bay Area Auto Show concluded with a total transaction amount of approximately 10.07 billion yuan from 42,823 vehicles sold [5] - The event featured 112 vehicle brands and showcased 1,039 models, attracting around 890,000 visitors [5] Group 6: Production Capacity Decisions - Geely Holdings' Chairman Li Shufu announced that the company will not build new automobile production plants due to serious overcapacity in the industry [6] - Geely aims to utilize existing global overcapacity and engage in resource restructuring and cooperation [6] Group 7: North American Automotive Supply Chain Concerns - The Mexican automotive parts industry expressed concerns over the U.S. increasing import tariffs on steel and aluminum to 50%, which could threaten the North American automotive supply chain [7] - The new tariffs are expected to raise costs for Mexican automotive parts manufacturers, impacting delivery cycles and overall industry operations [7][8]

Core Viewpoint - The recent price war among automotive companies has sparked significant social discussion, with the China Association of Automobile Manufacturers (CAAM) advocating against such practices to maintain fair competition [1] Group 1: Price War Dynamics - A new round of price competition has emerged among certain automotive enterprises, leading to concerns about industry over-competition [1] - While consumers may benefit from lower prices in the short term, the underlying hidden costs associated with price wars must be acknowledged [1] Group 2: Sustainability of Price Competition - Price competition can be beneficial if it is supported by business model innovation, technological advancements, or cost reductions, indicating a healthy cycle [1] - However, many instances of price wars rely on substantial subsidies from platforms or excessive competition among market participants, which is unsustainable [1]

Group 1 - The core viewpoint is that while competition is essential for market vitality, vicious price wars can lead to a detrimental cycle that ultimately harms consumers' legitimate rights [1][4]. - The China Automobile Manufacturers Association has issued a call against price wars among car manufacturers to maintain fair competition [1]. - Some argue that price competition reflects market efficiency and benefits consumers, suggesting that regulatory intervention is unnecessary [1][2]. Group 2 - Although consumers may benefit from lower prices in the short term, hidden costs often accompany these price reductions, making such competition unsustainable [2][3]. - Price wars erode profit margins for companies, leading to reduced investment in innovation and slower product updates, which can result in a lack of breakthrough innovations [3]. - The rise of e-commerce has seen significant price competition, with the live-streaming e-commerce market growing 10.5 times from 2019 to 2023, while complaints increased by 47.1 times [3]. Group 3 - Consumers' desire for low-priced goods can lead to expectations of further price drops, which may suppress current spending and negatively impact overall consumption [3]. - The automotive industry, being a high-value durable goods sector, is particularly affected by price wars, as they can lead to company bankruptcies and a lack of after-sales service [3].