China's hypercompetition goes global as Beijing frets over backlash

Intense competition among Chinese companies has led to rapid technological advances, but also diminishing profits and gluts of products that are increasingly destined for export markets. (Source photos by Wataru Suzuki and Getty Images) Big in AsiaEV component CEO says he was 'swept along' by no-holds-barred manufacturing modelWATARU SUZUKI and STELLA YIFAN XIEAugust 29, 2026 06:00 JST