China

China urged to take bolder steps to tackle price wars, deflation and weak demand

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Beijing’s latest push to curb price wars may help ease deflationary pressures, but analysts warn the current measures fall short of addressing deeper structural problems facing the world’s second-largest economy.China’s GDP deflator – a broad measure of prices across goods and services – has been negative since the second quarter of 2023, while consumer prices have fallen for four straight months year-on-year.
To stop the deflationary spiral, Chinese authorities should address the cause: weak...




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