From Factory Floor to Economic Sinkhole: Why China’s Manufacturing Mania and Deflation Spell Trouble | Economy News
New Delhi: China’s heavy dependence on manufacturing is increasingly seen as a key vulnerability that could trap its economy at the middle-income level, and this risk is now being compounded by a deepening deflationary crisis. For decades, manufacturing powered China’s rapid growth, lifting millions out of poverty and turning the country into the world’s factory….