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In deflation-hit China, one store holds flash sales four times a day

The Star LogoThe Star4h ago

In deflation-hit China, one store holds flash sales four times a day - The Star

Quick Summary:

BEIJING/HONG KONG: 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.

The exercise was one of four each day in the store that sells clothing, snacks and basic household products just outside Beijing's financial district.

Price wars have become ubiquitous, from restaurants that push 3-yuan breakfast menus to electric vehicle maker BYD cutting the price for one of its cars to below $10,000.

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In deflation-hit China, one store holds flash sales four times a day - The Star (Picture 1)

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Article Details

Category: EconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-10 @ 16:17:00 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 668 words

Reading Time: 4 minutes read

Sentences: 33 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 26814074

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About The Star

The Star Logo

Main Topics: EconomyBusiness

Official Website: thestar.com.my

Update Frequency: 41 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 40 minutes ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #22

Publisher Details

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The story "In deflation-hit China, one store holds flash sales four times a day" was covered 4 hours ago by The Star, a news publisher based in Malaysia.

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It's most recent story was published 40 minutes ago.

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  • News ID: #26814074
  • URL: https://beamstart.com/news/in-deflation-hit-china-one-17415946958985

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