According to the China Merchants Securities Strategy Study, the regulation of “internal rolling” competition was included in this year's government work report, which mainly covered two aspects of production capacity structure and competition order. Judging from past policy measures, the rectification measures that can be applied include setting targets to eliminate backward production capacity, setting mandatory exit standards for production capacity, raising operating costs for inefficient production capacity, raising the entry threshold for the industry, and grasping the pace of administrative management. Judging from current policy expectations, policies to resolve structural industrial conflicts by industry have not yet been introduced. Follow-up policies may focus on various industries such as refining, steel, coal chemicals, alumina, new energy vehicles, and photovoltaics.

According to the China Merchants Securities Strategy Study, the regulation of “internal rolling” competition was included in this year's government work report, which mainly covered two aspects of production capacity structure and competition order. Judging from past policy measures, the rectification measures that can be applied include setting targets to eliminate backward production capacity, setting mandatory exit standards for production capacity, raising operating costs for inefficient production capacity, raising the entry threshold for the industry, and grasping the pace of administrative management. Judging from current policy expectations, policies to resolve structural industrial conflicts by industry have not yet been introduced. Follow-up policies may focus on various industries such as refining, steel, coal chemicals, alumina, new energy vehicles, and photovoltaics.