New Delhi, March 2 (IANS) Price wars are taking a heavy toll on China’s corporate sector as profits are being sharply eroded in the fierce competition to grab a share of the dwindling market pie amid excess production capacity. This is also resulting in the dumping of cheap Chinese goods in overseas markets.Intense, cutthroat competition is forcing companies to slash prices relentlessly, even when they can’t cover their costs, according to an article published in The Wire China Podcast.In ma…
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