Story perspectives

Xi Jinping Advocates Quality Over Competition in Economy

9/16/2025

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Summary

Story summary

Chinese President Xi Jinping called for an "orderly exit" of outdated production capacity and a reduction in aggressive price competition, according to Xinhua.
In an upcoming Qiushi Journal article, he emphasized self-regulation by industry associations to enhance product quality.
Xi urged stricter rules for local governments in economic development and investment.
He identified excessive competition as a key factor in deflationary pressures.
Xi advocated for prioritizing quality and building a unified national market to boost international competitiveness.

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Story summary

Chinese President Xi Jinping called for an "orderly exit" of outdated production capacity and a reduction in aggressive price competition, according to Xinhua.
In an upcoming Qiushi Journal article, he emphasized self-regulation by industry associations to enhance product quality.
Xi urged stricter rules for local governments in economic development and investment.
He identified excessive competition as a key factor in deflationary pressures.
Xi advocated for prioritizing quality and building a unified national market to boost international competitiveness.