BEIJING — As China's electric vehicle price war intensifies, its top leaders have sounded the alarm with high-profile calls to halt excessive competition, known colloquially as "neijuan" or involution ...

Beijing is trying to curb cutthroat price wars that have broken out in multiple sectors. Caused by overcapacity and insufficient demand, many companies have been locked into an unsustainable spiral of ...

This was the most philosophical line I heard from a ride-hailing driver during my trip to Dali before the Spring Festival. He said that it lightly, with a touch of self-mockery, but I could hear the ...