GT Voice: Hyping ‘deflationary pressures’ based on flash sales is misguided
Reuters published an article on Monday, titled "In deflation-hit China, one store holds flash sales four times a day," which depicted the discounting scenarios at Wankelai, attempting to underscore ...
Devdiscourse1d
China's Economy: The Deflation Dilemma
With China's deflationary pressures mounting, retailers like Wankelai store resort to flash sales and deep discounts to ...
Four flash sales in a day! China, world’s second largest economy, hit by deflation - here’s why economists are worried
China is experiencing deflation, with consumer prices dropping by 0.7% and producer prices decreasing by 2.2%. The surplus ...
Daily Sabah2d
In deflation-struck China, store holds flash sales 4 times a day
Leo Liu, manager of the large Wankelai store in China's capital Beijing, spoke into a microphone, announcing progressively steeper and ...
Devdiscourse2d
Deflation and Discounts: Navigating China's Retail Challenges
In Beijing's Wankelai store, manager Leo Liu announces discounts amid China's deflationary economy. Liu's store employs flash sales to mitigate inventory pressure. Consumers are drawn to discounts due ...