China's Volume-Over-Profit Trap Pushes Firms Toward Forced Global Expansion
THE SIGNAL · the signal · Industry
April retail sales grew just 0.2% year-on-year — a collapse from March's 1.7% and well below the 2% forecast — confirming that the domestic demand floor supporting China's volume-expansion strategy has given way precisely as corporate margins across five industry verticals hit critical lows.
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