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China warns of irrational competition, pushing reforms for high-quality, green, and innovative growth.
China’s top industry regulator, Minister Li Lecheng, has warned of "irrational competition" in key sectors, stressing the need for modernized governance to support high-quality development.
He noted that while new industries like electric vehicles, batteries, and solar power are growing rapidly, traditional sectors like steel and cement are plateauing.
Strategic emerging industries still make up only about 13.4% of GDP, highlighting the need for systemic reforms to boost innovation, efficiency, and industrial security.
The government aims to shift from low-cost, high-volume growth to quality-driven, high-end, intelligent, and green development, aligning with global trends and the goals of the 15th Five-Year Plan (2026–30).
China advierte sobre la competencia irracional, impulsando las reformas para un crecimiento de alta calidad, verde e innovador.