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China’s economic slowdown and ongoing deflation are set to create both winners and losers across the global economy, according to a new report by Euromonitor International. Lan Ha, Head of Economic Research at Euromonitor, highlighted that China’s post-pandemic recovery has faltered due to declining export demand and sluggish domestic consumption growth. Despite a projected growth rate of around 5.0% for 2023-2024, this figure falls short of the pre-pandemic average of 7.7% annually from 2010 to 2019. In response to the economic downturn, the People’s Bank of China has cut interest rates twice this year, in June and August. However, additional…