China's Deflationary Pressures Intensify Despite Policy Interventions

TL;DR;

Bloomberg reports that China's efforts to boost consumption since Q4 last year appear to have made little progress, with deflation worsening, eroding corporate profits and worker incomes, potentially triggering a vicious cycle leading to lower prices. Temporary tariff relief has had little effect on the domestic economy, which is mired in price wars and a prolonged real estate slump.