Online Chinese retailers are selling the iPhone 11, iPhone 11 Pro, and iPhone 11 Pro Max at significant discounts. Retailers hope the cuts will spur Chinese consumers to buy an iPhone. However, many Chinese people are delaying the purchase of their next smartphone due to the economic downturn caused by the coronavirus outbreak.
https://www.notebookcheck.net/Chinese-retailers-cut-prices-on-iPhone-11-devices-to-boost-sales.460725.0.html
The 700MHz band is formally reassigned to 5G in China, those who take the bait and "upgrade" to a 5G plan before the higher bands reach sufficient coverage will regret it.