At Nanchengxiang restaurants in Beijing, customers treat themselves to a breakfast buffet with three types of rice porridge, sour and spicy soup, and milk – all for the price of 3 yuan ($0.40). “Many good, cheap choices popped up during the pandemic,” said 71-year-old Gao Yi, while sharing breakfast with his grandson in one of the chain’s 160 outlets in the Chinese capital. “Not all of them last. But there are new good deals all the time, you just have to go out to find them.” That’s what deflation looks like