低水平竞争 meaning in Chinese

low-level competition

Through analysis , this paper comes into a conclusion : there ' s too much monopoly in banking structure in china , but , because of the dual structure caused by the administrative monopoly and excess competition at low level , the market structure effect is small
通过分析，文章认为我国银行业呈现较高的垄断特性，但由于行政寡头垄断与低水平竞争并存的“二元结构” ，导致市场结构效应低下。