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Chinese factories, facing overcapacity in a struggling economy, are resorting to exporting to alleviate their troubles, leading to a potential increase in trade tensions. As China slips back into deflation, exporters to the world’s No. 2 economy will face falling demand and eroding price competitiveness, according to an HSBC analyst. This has resulted in a significant drop in prices of goods shipped from China, indicating aggressive discounting by Chinese sellers to maintain or expand market share.
