In deflation-hit China, one store holds flash sales four times a day

China's consumer price index dropped by 0.7% in February, highlighting deflation worries. Discount stores like Beijing's Wankelai employ flash sales to attract cautious shoppers during economic uncertainty. Analysts warn persistent deflation could hinder growth, similar to Japan's experience in the 1990s. Premier Li Qiang seeks to boost household spending amid fears of job insecurity and sluggish demand.