摘要 “反内卷”政策预期强化，短期难以证伪。25年7月中央财经委会议强调“依法依规治理企业低价无序竞争，引导企业提升产品品质，推动落后产能有序退出”，政策从前期规划引导到切实发力的预期进一步明确，汽车、光伏、水泥、装修建材、造纸等多行业陆续跟进响应号召。我们预计，未来一阶段包括政治局会议、国常会都有可能做出更多“反内卷”政策部署。按效果由弱到强排序，可能采取的方式包括：1）行业自律&价格监控；2）...
Source Link摘要 “反内卷”政策预期强化，短期难以证伪。25年7月中央财经委会议强调“依法依规治理企业低价无序竞争，引导企业提升产品品质，推动落后产能有序退出”，政策从前期规划引导到切实发力的预期进一步明确，汽车、光伏、水泥、装修建材、造纸等多行业陆续跟进响应号召。我们预计，未来一阶段包括政治局会议、国常会都有可能做出更多“反内卷”政策部署。按效果由弱到强排序，可能采取的方式包括：1）行业自律&价格监控；2）...
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