China Deflation Threat Grows as Companies Cut Prices to Survive

When China abandoned pandemic restrictions after three years of stringent controls, Nie Xingquan was expecting booming sales for his hand-made leather shoes. Instead, demand has been so poor that he’s had to cut prices 3% from a year ago and reduce his profits. • None Musk Says He May Need…#niexingquan #backingusagainst #beijing #italyelsinagroupco #wenzhou #teslaincs #nt #chenyubing #jiayaotextilecoltd #zhejiang
Source: Reuters: Health - Category: Consumer Health News Source Type: news