8月起，中国将迎来“四大降价潮”？除汽车外，这3类也降价

Economic Overview - As of June 2025, China's broad money supply (M2) reached 330.29 trillion yuan, growing by 8.3% year-on-year, indicating significant monetary expansion [1] - Despite the monetary expansion, the Consumer Price Index (CPI) showed a slight decline of 0.1% year-on-year, suggesting a deflationary trend in the economy [1][3] Reasons for Price Decline - The lack of inflation despite monetary expansion is attributed to two main factors: a significant portion of the newly issued money is circulating within the financial system and not reaching the broader economy, and a slowdown in income growth leading to reduced consumer demand [3] - The combination of excess inventory and declining consumer demand has forced companies to lower prices to stimulate sales [3] Price Decline in Key Sectors Automotive Sector - A price war has erupted in the automotive market, with domestic mid-range cars seeing price cuts of 20,000 to 30,000 yuan, while imported luxury cars are reduced by 80,000 to 100,000 yuan [7] - The price war is driven by the influx of new energy vehicles, reduced income among middle-class families, and intensified competition from tech companies entering the automotive space [7] Real Estate Market - The real estate market has been in a long-term adjustment since 2022, with average national housing prices dropping over 30% by mid-2025, and some cities experiencing declines exceeding 60% [10] - Contributing factors include an oversupply of housing, high price-to-income ratios, and a loss of investment appeal in real estate [10] Small Appliances - The small appliance sector is experiencing a price decline of 10% to 15%, with products like washing machines and refrigerators being affected [12] - Reasons for this trend include stagnant income growth, rapid technological advancements leading to new product releases, and fierce competition among brands [12] Pork Prices - Pork prices have significantly decreased from a peak of 40 yuan per jin to between 17 and 20 yuan per jin, marking a return to more affordable prices for consumers [15] - The decline is driven by overproduction in the pig farming industry and changing consumer preferences towards healthier meat options [15]