China's price wars lead to free food, half-price designer bags

Companies vie for reluctant consumers in sign of rising deflationary pressure

20250822N Meituan delivery

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

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.

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