In deflation-hit China, one store holds flash sales four times a day
Leo Liu, manager of the sprawling Wankelai store in the Chinese capital of Beijing, spoke into a microphone, announcing progressively steeper discounts in a flash sale, until he finally sold a cotton jacket and a woman's undershirt.
Beijing's deflation dilemma: Falling prices signal bigger troubles ahead for China's economy
When he bought an apartment near a good high school in northeast Beijing in 2020, Zhou Fujin expected that renting it out would cover most of his mortgage. But the apartment's value and the rent he is getting have plummeted in the past couple years,

China consumption slump deepens

China's deflationary pressures deepen in February
China’s deflation problems get worse
Consumer prices in China have plunged to their lowest level in more than a year, highlighting persistent deflationary pressures in the world’s second-largest economy.
China consumption slump deepens as February prices drop
Mint Quick Edit | Deflation is bad news for China’s economy
Falling prices tend to weaken demand, hurt growth and deter credit uptake—all of which can form a doom loop. Will Beijing’s fiscal stimulus fend off that threat? Factory cutbacks may be needed too.
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Beijing’s deflation dilemma: Falling prices signal bigger troubles ahead for China’s economy
Residents play chess at a park in northeastern Beijing's Miyun district on Feb. 27, 2025. | Ng Han Guan/AP Deflation is an abstract economic concept but it reflects very concretely in Zhou’s ...