Lin Yunyun's experience selling diapers on Pinduoduo highlights the intense pressure on sellers to continuously lower prices in a deflationary market, significantly impacting profitability.
Pinduoduo exemplifies China's deflationary moment, as its relentless price-cutting promotes consumer habits of downgraded spending amid economic uncertainty caused by a real estate crisis.
As consumers face a faltering labor market, they are increasingly saving and spending less, creating a cycle of reduced prices and shrinking profits for companies.
Although the Chinese government hints at fiscal measures to stimulate consumer spending, nothing concrete has been presented, contributing to ongoing economic concerns and uncertainty.
Collection
[
|
...
]