Gree Chairman Dong Mingzhu gave a speech, in which she bluntly stated that low price competition is a manifestation of incompetence, and pointed out that this strategy lacks technological innovation and can only rely on cutting corners to deceive consumers. Dong Mingzhu stated that under the current pressure of high material costs, many companies often choose low price strategies in order to compete for market share. She believes that this is not a wise move. She further explained, "When you don't have enough technical strength to support the product, you can only achieve the goal of low price by reducing material costs, which is a deception to consumers