BEIJING/SHANGHAI — Deep discounts have become a symptom of China’s economic slowdown as the country starts to show more signs of downard pressure on prices.
Companies vie for reluctant consumers in sign of rising deflationary pressure
Meituan is among the delivery app giants engaging in a price war amid deflationary pressure in China. (Photo by Takashi Kawakami)
KENTARO SHIOZAKI and TOMOKO WAKASUGI
August 23, 2025 08:29 JST
Read Next
