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From:
Asia Financial
(Uncensored)
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Price Wars by Chinese Retailers Amplify Weak Consumer Outlook
https://www.asiafinancial.com/price-wars-by-chinese-retailers-amplify-weak-consumer-outlook
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Aggressive discounts have raised turnover for firms like e-commerce giant Pinduoduo, but economists fear they entrench a Japanese-style deflationary mindset in consumers
