China’s deflation headache worsens as intense price wars escalate

Chinese businesses, from coffee shops to electric-vehicle makers to property developers, are accused of rushing into markets and then slashing prices to stay afloat, a practice that has economists worried. A report by Natixis, mentioned by CNBC, examined 2,500 publicly traded firms in China. It found that while unit sales climb, falling price levels are […] source: https://www.cryptopolitan.com/china-deflation-worse-price-wars-escalate/