DALIAN, China -- As a wave of cost-consciousness sweeps across China, businesses offering quality at a discount have seen earnings surge while their high-end peers struggle.
Businesses offering bargains come out ahead of high-end peers in Q1 earnings

A cup of coffee at Luckin Coffee goes for less than half the price at Starbucks. (Photo by Kohei Fujimura)
DALIAN, China -- As a wave of cost-consciousness sweeps across China, businesses offering quality at a discount have seen earnings surge while their high-end peers struggle.