https://www.cnet.com/news/apple-cuts-price-of-iphone-ipad-airpods-in-china/

Some third-party retailers in China had already cut iPhone prices after Apple's sales warning to investors in January. Caixin, which covers business in China, reports that Apple's decision to lower the prices of some products comes in response to a decrease in the country's value-added tax rate, from 16 percent to 13 percent, which takes effect today.

Though third-party retailers routinely offer deals and promotional pricing on Apple hardware, the company rarely discounts its own products. Last year, however, Apple began offering hundreds of dollars in incentives to customers who traded in an old iPhone when upgrading to an iPhone XS or iPhone XR.