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China's dilemma: curbing destructive rivalry without crushing growth

By MLex Staff ( July 9, 2025, 08:06 GMT | Comment) -- China's regulators are facing a difficult balancing act: how to rein in destructive business competition without further damaging an already fragile economy — a challenge underscored by fresh data revealing persistent deflationary pressures. The dilemma is playing out vividly in the country's food delivery market. Despite regulatory warnings issued in May, industry giants have escalated their subsidy war to unprecedented levels. Last weekend, Meituan and Alibaba's Taobao Flash Purchase deployed massive discount campaigns, with some offers effectively making deliveries free for consumers.China's regulators are facing a difficult balancing act: how to rein in destructive business competition without further damaging an already fragile economy — a challenge underscored by fresh data revealing persistent deflationary pressures....

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