Economic Daily, Jin Guanping: The key industry capacity governance focuses on "anti-internal competition"

The Central Political Bureau meeting held at the end of July proposed governing the disorderly competition of enterprises in accordance with the law and regulations, and advancing the governance of production capacity in key industries. This reflects the firm determination of the Party Central Committee to govern production capacity issues and optimize market competition order, which will help solidify the foundation for high-quality industrial development. The core of production capacity issues lies in supply and demand issues, with supply and demand imbalance being the direct cause of production capacity problems. Therefore, promoting the governance of production capacity in key industries requires efforts from both the supply side, controlling quantity, optimizing structure, and improving quality, and the demand side, expanding effective demand and promoting supply-demand matching. The "anti-internal competition" governance of disorderly competition through legal and market means will help improve supply and demand, establish a fair competition order, stimulate innovation vitality, and is a key measure to promote production capacity governance and industrial upgrading.