Panic Buying Grips China

AFP  

Reuters: Chinese stock up on staples after government 'just in case' advice prompts confusion  

BEIJING — 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 there were sufficient supplies after some panic-buying. 

The Ministry of Commerce on Monday published a seasonal notice encouraging authorities to do a good job in ensuring food supplies and stable prices ahead of the winter, following a recent spike in the prices of vegetables and a growing outbreak of COVID-19.  

Read more ....  

Update: China Sparks "Panic Buying" After Telling Households To Stockpile Food Ahead Of Winter (Zero Hedge).  

WNU Editor: I asked yesterday all of my friends in China if there is panic buying, and they are telling me there are long lines in the stores everywhere. Chinese media is saying the opposite .... No panic buying is spotted in major Chinese cities, as officials pledge sufficient supply (Global Times).  

Previous Post: China's Government Issues Statement Telling Local Authorities To Stock Up On Food And Other Supplies (November 2, 2021)

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