One of the fishmongers in Beijing is a Chinese vendor of vegetables who is advertising his product, loudly announcing prices for salad. The second largest economy in the world has, for the first time in a year, encountered a drop in consumer prices last month, as Chinese authorities are struggling to stimulate consumption and contain rising prices, ahead of the enforcement of American tariffs.
Quote: "We realized that tax and collection cuts for enterprises do not inspire much confidence among consumers, and now we focus on the reduction of prices for food products," the analyst noted.
Experts note that within the framework of the battle against economic stagnation and rising prices, China may increase financial support and expedite the process of updating infrastructure.
