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China’s domestic price wars are a threat to its economy
Overproduction, deflation and debt are hurting China’s companies and putting its workers’ jobs at risk.
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China is in the throes of a cut-throat price war that covers a range of industries and services.
PHOTO: BLOOMBERG
This is the second in a three-part Opinion series on the Chinese economy. The first on the squeezed middle class is here. The third on Chinese electric vehicles will be published on Nov 29.
If there was a prize for the country that sells the best value-for-money products, the hands-down winner would, of course, be China.
