Chinese rush to stock up on food as government’s warning prompts confusion, brief panic-buying

Nov 3, 2021 | INVESTING

Beijing shoppers stocked up on cabbage, rice and flour for the winter on Wednesday, after the government urged people to keep stores of basic goods in case of emergencies, though it assured them that there were sufficient supplies after some panic-buying.China’s Ministry of Commerce published a seasonal notice on Monday encouraging authorities to do a good job in ensuring food supplies and stable prices ahead of winter, following a recent spike in the prices of vegetables and a growing outbreak…

Read More

Pin It on Pinterest