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
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.