Persistent deflation and intense price competition are eroding margins despite a resilient GDP. State owned firms reported a 7.6% profit drop, while private companies’ profits grew slightly. 

China’s industrial profits keep shrinking in June as price wars take a toll

Business & Economy: Official data are expected to reveal that deflation continued for the second consecutive year in 2024, as predicted by the majority of experts.

China faces the longest deflation streak since the Mao era in the 1960s

Deflation in China is becoming increasingly difficult to reverse. If the world's second-biggest economy's prices continue to decrease for a seventh straight quarter, they will tie the record deflationary stretch set during the late 1990s Asian financial crisis.

China struggles with deflation and looming trade battle

Discount retailers in China are thriving amid shifting retail landscape. This price war is driven by a lack of consumer confidence, with many facing a tough economic outlook.

Economists warn of deflationary cycle in China's consumer market

In a bid to attract cost-conscious consumers, Chinese retailers are strategically pivoting towards lower-priced goods and services. This shift, while aimed at boosting consumer spending, is raising concerns about the entrenchment of deflationary trends in China's economy.

Chinese retailers' shift to lower prices raises concerns of deepening deflation 

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China’s industrial profits keep shrinking in June as price wars take a toll

China faces the longest deflation streak since the Mao era in the 1960s

China struggles with deflation and looming trade battle

Economists warn of deflationary cycle in China's consumer market

Chinese retailers' shift to lower prices raises concerns of deepening deflation