According to the latest data released by the National Bureau of Statistics, in the third quarter of 2025, the utilization rate of industrial capacity above the designated size nationwide was 74.6%, which was 0.6 percentage points higher than the prev

In addition to the rebound in capacity utilization, recently released data on prices and profits of industrial enterprises have also improved positively, showing that anti-corruption results are beginning to show.

Since the Central Political Bureau meeting first proposed 'preventing inward spiraling vicious competition' at the end of July last year, comprehensive management of inward spiraling disorderly competition has become a top priority of economic work.

The Party Leadership Group of the National Development and Reform Commission recently published an article in the magazine Qiushi, stating that to build a unified national market, the most urgent task at present is to focus on key points and difficul

utilization rate increases

Capacity utilization refers to the ratio of actual output to production capacity, which reflects the market supply and demand relationship and the degree of economic prosperity. It provides important support for situation judgment and policy making.

In the third quarter, among the 41 major industrial sectors, the utilization rate of capacity for 21 industries rose quarter-on-quarter, with a recovery rate of 51.2%. By industry category, mining has a utilization rate of 72.5%, manufacturing is at

By industry, in the third quarter of 2025, coal mining and washing industry is at 68.9%, food manufacturing industry is at 70.1%, textile industry is at 77.2%, chemical raw materials and chemical products manufacturing industry is at 72.5%, non-metal

It can be seen that the manufacturing industries with more capacity utilization rebound in the third quarter were mainly automobile manufacturing, electrical machinery and equipment manufacturing (including photovoltaic equipment and components manuf

Guo Lei, chief economist of Guangfa Securities, analyzed that the capacity utilization rate of industrial enterprises has improved in a single quarter. Among them, the capacity utilization rate of electrical machinery and automobiles has increased si

Recently, the prices and profits of industrial enterprises have also shown significant improvement. From January to August, the profits of industrial enterprises above a certain size increased by 0.9%, reversing the continuous decline in cumulative p

In September, the PPI (Producer Price Index) fell by 2.3% year-on-year, with the decreasing amplitude narrowing by 0.6 percentage points compared with the previous month. The price reduction of coal processing, ferrous metal smelting and rolling indu

Luo Zhiheng, the chief economist of Yuekai Securities, told CBN that the anti-overwork policy has led to improved industrial capacity utilization, year-on-year PPI, and enterprise profits. After a counter-seasonal decline in the second quarter, indus

Liu Chenjie, chairman of Wangzheng Capital's Global Macro Hedge Fund, wrote an article and analyzed that only when companies see the stabilization and recovery of profit margins will they spontaneously and gradually increase their capacity utilizatio

Liu Chenjie said that "anti-corruption" may gradually alleviate price deflationary pressure. Steel, cement and other industries are facing the dual pressure of "demand contraction" and "supply optimization". Due to the decline of real estate and loca

Anti-involution continues to advance

"Involutional" competition refers to the phenomenon of vicious competition where economic entities continue to invest resources without bringing about an overall increase in income in order to maintain or compete for limited market space. In recent y

At the 6th meeting of the Central Finance and Economics Committee held on July 1st this year, the construction of a unified national market was discussed in depth, with an emphasis on the regulation of disorderly competition among enterprises based o

Subsequently, measures against over-competition have been implemented in a series of industries. For the photovoltaic industry, the Ministry of Industry and other six departments held a joint symposium to further regulate the competitive order of the

In July this year, the National Development and Reform Commission and the State Administration for Market Regulation jointly released a draft of the Price Law Amendment (Exposure Draft) to solicit public opinion. This is the first major revision of t

On October 9th, the National Development and Reform Commission and the State Administration for Market Regulation issued the Announcement on Managing Unordered Competition and Maintaining Good Market Price Order. Under the premise of protecting opera

Deng Zhou, a researcher at the Industrial Economics Research Institute of the Chinese Academy of Social Sciences, stated that to address disorderly price competition, it is necessary to give full play to the decisive role of the market in resource al

The newly revised Anti-Unfair Competition Law was officially implemented on October 15th, which established and improved the fair competition review system. This is helpful to ensure that all types of businesses can participate in market competition

In addition, the Ministry of Industry and Information Technology has recently issued a series of work plans for stable growth in ten major industries, including automobiles, petrochemicals, building materials, steel, electronic information, and power

The Ministry of Industry and Information Technology held a symposium on the industrial economic operation in some provinces on October 14th. The meeting emphasized the need to implement a new round of work plans to stabilize the growth of the top ten

Wu Chaoming, chief economist of Caixin Financial Holding, told First Finance that the current "convoluted" competition has evolved from a local price war to a systemic problem across industries and the entire chain. Effective measures must be taken t

Wu Chaoming also said that the periodic insufficient demand during the current transition period is the fundamental cause of this round of convolution. If we only deal with the convolution problem from the supply side, it will not only be difficult t