平价 píngjià reasonably priced
reasonably priced; inexpensive; to keep prices down; (currency exchange) parity
How to remember 平价: 平 level + 价 price = reasonably priced.
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How it is used
- Means low/affordable pricing, often kept low deliberately - 平价商店 (píngjià shāngdiàn) a discount/affordable store; 平价药 (píngjià yào) affordable medicine.
- Not 'the average price'; it's about being reasonably cheap, close to 廉价 but without the cheap-and-nasty overtone 廉价 can carry.
- In finance it also means (exchange) parity, but the everyday sense is 'budget-friendly'.