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Zhong Shanshan: NONGFU SPRING Won't Engage in Price Wars; Low Prices on Internet Destroying CN Quality and Economy
Zhong Shanshan, founder of NONGFU SPRING (09633.HK), remarked that the low prices on the internet are destroying China's quality and economy as price is the life of a product r...
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Zhong Shanshan: NONGFU SPRING Won't Engage in Price Wars; Low Prices on Internet Destroying CN Quality and Economy
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Zhong Shanshan, founder of NONGFU SPRING (09633.HK)  -0.750 (-2.155%)    Short selling $64.77M; Ratio 39.084%   , remarked that the low prices on the internet are destroying China's quality and economy as price is the life of a product rather than a mere number, Chinese media reported.

Low prices cannot breed high-quality products, Zhong emphasized. High-quality industries, society, and living standards will not exist without high-quality products. Globalization should not be about low prices.

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If there is sufficient technology, advancement, and innovation, Zhong believed that there is no need for price wars. Price wars are the easiest type of war to fight and are a sign of incompetence, and NONGFU SPRING will absolutely not engage in price wars.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-02-20 16:25.)

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