Starbucks will lower prices for several drinks in China, the company announced on Monday, as the cafe chain attempts to accelerate sluggish sales in its largest international market. In a post on the Chinese social-media platform Weixin,

Starbucks Corp. on Monday announced price cuts for a slew of its tea-based beverages at its stores across China, as the American coffee chain takes a more aggressive approach to revive sales at its second-biggest market.

Starbucks China will lower the prices of some of its iced drinks by an average of 5 yuan ($0.70) across the country, the company announced on Monday, as competition intensifies and consumers become more cautious about spending.