Core Points - The Ministry of Industry and Information Technology (MIIT) of China held a meeting to discuss stabilizing growth in the cement industry, emphasizing the need to implement the "Building Materials Industry Stabilization Growth Work Plan (2025-2026)" and prohibiting new capacity while regulating existing capacity and eliminating outdated capacity [1] - Key enterprises are urged to take a leading role in strictly implementing policies related to cement capacity replacement and regulation, with a deadline set for the end of 2025 to align actual capacity with registered capacity [1] - Industry associations are tasked with enhancing self-regulation, conducting supply-demand balance research, organizing staggered production, and providing average cost surveys to help operators set reasonable prices and prevent unfair competition [1] - China is intensifying efforts to curb vicious competition in certain industries, aiming to foster a market that rewards innovation and quality, with measures including capacity control in saturated sectors like photovoltaic and cement, price monitoring in the new energy vehicle sector, and gradual elimination of outdated capacity [1] - Analysts suggest that to absorb excess capacity driving price competition, China needs to actively boost domestic demand, with recommendations for deepening income distribution reforms, improving the consumption environment, and eliminating supply bottlenecks [3] - The Chinese government has introduced a series of measures to stimulate domestic demand, including expanding consumer goods exchange programs, increasing consumer financing supply, and enhancing support for employment [3]

Group 1 - The core viewpoint emphasizes that G7 member countries must take measures to boost domestic demand and reduce fiscal deficits [1]