<ul data-eligibleForWebStory="false">China's government, led by Xi Jinping, shows signs of tackling deflationary price wars.Recent shift in messaging acknowledging cutthroat competition dragging down prices and profits.Efforts aim to rein in industrial overcapacity, ease trade tensions, and boost global confidence.However, concrete policy measures are still awaited to address the complex economic challenges.It remains to be seen how China balances curbing excess supply without jeopardizing growth.