Category: Semafor

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China locked in deflation ‘trap’ despite Iran war price pressuresChina locked in deflation ‘trap’ despite Iran war price pressures

China appears to be stuck in a deflationary trap, with even the pressures sparked by the Iran war failing to boost prices. Beijing has long struggled to drive domestic consumption, while brutal competition in many industries has pushed producers to cut prices, triggering a vicious cycle in which people hold ...