Sustainable growth
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Price Wars Hurt Consumers in the Long Run: People’s Daily Advocates Shift to Value
China’s *People’s Daily* advocates a shift from price wars to value-driven strategies for sustainable growth, criticizing “burning money” tactics as detrimental to long-term quality and innovation. The article emphasizes that focusing on customer satisfaction and technological advancements, supported by legal safeguards and industry collaboration, can foster healthy competition, benefit all stakeholders, and drive high-quality economic development. Initiatives are underway to curb “involutionary” competition and promote fair market practices.
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The Illusion of Value: Chinese Auto Executives Decry Price Wars
Amidst China’s EV price war, automaker executives debate the price-value relationship. GAC emphasizes customer experience and lifecycle cost. BJEV’s chairman stresses profitability challenges, warning against prioritizing short-term gains over quality, safety, and long-term sustainable growth. He critiques unsustainable practices, advocating for innovation, high-end markets, and ethical business conduct, emphasizing customer trust as vital for the industry’s future.
