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China, the world's second-largest economy, is grappling with a fragile economic state as tech giants are set to disclose their earnings, expected to reflect the consumer performance. The Singles' Day shopping event, now expanded to include senior citizens, is marked by intense price wars among e-commerce retailers, exposing further weakness in household consumption. Overcapacity-burdened Chinese factories are trying to alleviate their troubles through exports, causing a 20% drop in goods prices and stoking trade tensions. This situation has led to the imposition of antidumping and anti-subsidy duties, raising concerns about the resumption of an economic slowdown.
