Inside China’s vicious deflationary cycle
Despair at the faltering economy has rippled throughout China’s major cities and out into its regions
Jessica SierNorth Asia correspondent
Tokyo | On the outskirts of Shanghai in Yangpu district, medical assistant Ming says she’s deferred getting her nails done at the local salon because prices are dropping sharply month-on-month.
“Maybe [prices] will go to zero, and I can have my fingernails coloured for free,” Ming, 45, jokes on the phone to AFR Weekend, speaking via a translator.
Subscribe to gift this article
Gift 5 articles to anyone you choose each month when you subscribe.
Subscribe nowAlready a subscriber?
Introducing your Newsfeed
Follow the topics, people and companies that matter to you.
Find out moreRead More
Latest In Asia
Fetching latest articles