China to keep reining in local govt investment-promotion in new 5-year plan
By MLex Staff ( October 27, 2025, 06:36 GMT | Insight) -- China will continue efforts to rein in irregular local government investment-promotion practices under its 15th Five-Year Plan. The move underscores a growing view in Beijing that distorted competition stems not only from companies — but also from local authorities. China's top competition regulator will continue targeting “disorderly low-price competition” and “chaotic local investment promotion” — behaviors increasingly blamed for fueling overcapacity, misallocating resources and fragmenting China’s national market.China will continue efforts to rein in irregular local government investment-promotion practices under its 15th Five-Year Plan. The move underscores a growing view in Beijing that distorted competition stems not only from companies — but also from local authorities....
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