Breakfast for 40 cents: what China's deflation looks like
newscatcher
2023-08-11 02:32
Breakfast for 40 cents: what China's deflation looks like
Customers shop vegetables at a wet market in Beijing, China August 10, 2023. REUTERS/Yew Lun Tian BEIJING  -At Nanchengxiang restaurants in Beijing, customers treat themselves to a breakfast buffet with three types of rice porridge, sour and spicy soup, and milk – all for the price of 3 yuan ($0.40). 'Many good, cheap choices popped up during the pandemic,' said 71-year-old Gao Yi, while sharing breakfast with his grandson in one of the chain's 160 outlets in the Chinese capital. 'Not all of them last.

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