Flood of Chinese imports threaten new trade war

Chinese factories are flooding global markets with cars, appliances, computer chips and electronics, setting the stage for a fresh round of trade tensions with the United States and Europe, economists said.

China’s output dwarfs its domestic needs — especially with a property bubble weighing on the economy — so prices for its goods are falling. In February, U.S. imports from China cost 3.1 percent less than one year ago, the Bureau of Labor Statistics said on Friday.