elimination of "rat race" competition
破除內卷式競爭
Chinese President Xi Jinping, also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, made an inspection tour in Guizhou Province from March 17 to March 18, 2025. Xi demanded resolute efforts to eliminate local protectionism, market segmentation and "rat race" competition to create a stable, fair, transparent and predictable environment for businesses.
2025年3月17日至18日,中共中央總書記、國家主席、中央軍委主席習近平在貴州考察。習近平強調,堅決破除地方保護、市場分割、“內卷式”競爭,為全社會創業創新營造穩定公平透明、可預期的環境。
It is imperative for the province to deepen reform on market-based allocation of resources, and take the initiative to address issues such as local protectionism, market division and "rat race" competitions. It is essential to fully implement the guiding principles of the symposium on private enterprises held in February, treat all enterprises equally no matter what their ownership is, and make sustained efforts to improve the business environment. It is imperative to steadily expand institutional opening up and create more room for international cooperation.
要深化要素市場化配置改革,主動破除地方保護、市場分割和“內卷式”競爭。要全面落實民營企業座談會精神,一視同仁對待各種所有制企業,持續優化營商環境。要穩步擴大制度型開放,不斷拓展國際合作空間。
Vocabulary:
相關詞匯:
fair competition review mechanism
公平競爭審查機制
local protectionism
地方保護主義
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