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China’s Top Leaders Vow Crackdown on Price Wars as Deflation Risks Mount
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Efforts to eliminate limitations on the Chinese economy due to low prices
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China’s top leaders vow crackdown on price wars as deflation risks mount
China’s top leaders pledged on Tuesday (Jul 1) to step up regulation of aggressive price-cutting by Chinese companies, state news agency Xinhua reported, as the world’s second-biggest economy struggles to shake off persistent deflationary pressures.
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