CNR Financial Review: "Breaking the deadlock of anti-inner loop"! China's economy is transcending from a sea of price to a blue sea of value

The market does not only need low prices, but also innovation, quality, and efficiency. As China's economy transitions towards high-quality development, shifting from "quantity for price" to "quality improvement" has become the necessary path for all industries. From forming a consensus to implementing measures, the governance of "overwork" is gradually deepening. Next, we need to push for relevant laws and regulations to be improved as soon as possible to strengthen defenses; regulatory authorities and industry associations need to enhance management and self-discipline, comprehensively rectify disorderly competition behavior, and guide companies to set rational prices and compete rationally; companies themselves need to focus on long-term development, especially leading companies need to take the lead, resist vicious competition, and promote a healthy return to the market environment with a strong sense of responsibility. With efforts from all sides, the relevant fields will surely achieve a transition from the "price red ocean" to the "value blue ocean", and enter the right path of high-quality development.