Logo 07 Dec 2025

Podcast | I say overcapacity, you say involution, let’s call the whole thing off

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In mid-2024, Beijing rebranded its overcapacity problems as "involution." Does it matter? As the bard would say, a rose by any other name…
And yet, over time it's become clear that this was more than just a rebranding exercise. Along with the change in name came a subtle shift in how Beijing perceiv...