As price wars threaten profits and innovation, Beijing struggles to curb the cycle of involution—but can it succeed without the biggest industry players on board? read more China’s market regulator, the State Administration for Market Regulation (SAMR), recently held a meeting with top executives from major solar, automotive and technology companies. The reason? To tackle the growing issue of neijuan, or involution—a damaging cycle of price-cutting that has hurt profits and slowed down innovation. According to the South China Morning Post, the meeting was led by Vice Minister Meng Yang and focused on finding solutions to excessive market competition, which...