Recently, China’s drinking water market has become highly competitive. Nongfu Spring has initiated a new price war with extremely low prices, reducing the cost in some channels to about 0.74 yuan per bottle. Competitors Hangzhou Wahaha Group, China Resources Beverage, and Master Kong have also had to follow suit, intensifying the market competition.
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China’s Economy Declines Sharply: Water Businesses Fight With Prices at $0.10 a Bottle
