China's deflationary slide is worsening as companies spiral into price wars
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最新报道：China's deflationary pressures intensified in June as producer prices fell for the 21st consecutive month, dropping 0.8% year-on-year, while consumer prices rose just 0.2%. The prolonged factory-gate deflation reflects weak domestic demand and a manufacturing glut, prompting companies across industries from electric vehicles to solar panels to engage in aggressive price-cutting. Analysts warn this "race to the bottom" could squeeze corporate profits further and dampen wage growth, potentially creating a vicious economic cycle. The government has introduced stimulus measures, but their impact remains limited as consumers and businesses remain cautious amid economic uncertainty.
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