中国：反内卷-应对通缩的良方？Asia Economics-China Anti-Involution – The Antidote to Deflation

July 21, 2025 04:41 PM GMT Asia Economics | Asia Pacific The Viewpoint: China: Anti- Involution – The Antidote to Deflation? Policy efforts to tackle the excess capacity challenge may intensify in the coming months, given a strong policy intent. However, addressing supply factors alone may not be sufficient to address the deflation challenge – demand conditions are more important, in our view. Key Takeaways In this report, we discuss the origins of and solutions to China's deflation challenge, including our ...