Excess supply freezes China's exports, sending deflationary waves
Edited By WION Video Desk
Published: Dec 22, 2023, 04:55 IST | Updated: Dec 22, 2023, 04:55 IST
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China's economic struggles post-pandemic are causing a global stir, as it faces a unique challenge of intensified deflation risks. Lockdowns and supply chain disruptions during heightened global demand led to excess supply when China reopened in 2023, pushing domestic and export prices into deflation. The impact? Plunging export prices, affecting major trading partners and potentially reshaping the world's economic dynamics.
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