Just a minor assumption: is it a sign of desperation? I'm not complaining though. It looks like the right time for bargain seekers, of course, if you can get your visa to visit Beijing.
Update: I just checked some prices on the hotel sites and they are still pretty high. If you can afford to wait, I would still hold on for a few weeks, since prices might go down further. The 'bargains' they offer now are not really bargains yet.
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