Increased innovation could alleviate “involution” in China – the cutthroat, low-quality price competition in sectors ranging from electric vehicles (EVs) to food delivery that Beijing has been combating, according to David Siegel, co-founder and co-chairman of hedge fund Two Sigma. “I think that the areas where you are getting excessive competition are, in a sense, things that are somewhat more commoditised,” Siegel said last week on the sidelines of the third Family Business Summit in Hong...