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flag Chinese firms' price wars are hurting profits and quality, prompting Beijing to plan regulatory intervention.

flag Chinese companies are engaging in intense price wars across industries like cars, food delivery, and solar panels, which are hurting profits and worsening deflation. flag While consumers are drawn to ultra-low prices, this competition can compromise safety and quality, as firms cut costs. flag Beijing plans to regulate this "irrational" competition, aiming to shift focus from pricing to technology and quality.

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