How Chinese e-commerce companies like Pinduoduo pushing to lower prices are making China’s deflation worse; HSBC says ~60% of Chinese consumers use e-commerce (New York Times)

New York Times:
How Chinese e-commerce companies like Pinduoduo pushing to lower prices are making China's deflation worse; HSBC says ~60% of Chinese consumers use e-commerce  —  The push by Pinduoduo to lower prices has helped it become one of China's fastest-growing e-commerce apps, and epitomizes a broader force plaguing the economy.