China's economy is experiencing deflation as consumer prices have dropped for the first time in over two years, indicating reduced demand. In July, the consumer price index (CPI) fell by 0.3% compared to the previous year, marking the first decrease since February 2021, as per the reports of China’s National Bureau of Statistics on Wednesday, August 9.
Chinese brokerages are in a race to raise billions of dollars in capital to meet regulatory requirements, jumping on a market upturn to bolster operations as they brace for tougher competition.