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Saturday 4 April 2020

New Wave of Panic Buying Hits China

[Natural News]: In several cities all over China, worried citizens have cleared out rice and cooking oil from store shelves. This new wave of “panic buying” has swept across the country in response to rumors of possible food shortages due to the coronavirus (COVID-19) pandemic.

In an interview with the Chinese-language The Epoch Times, Li, a resident of Ezhou in Hubei Province, said that residents have been buying out all the rice from stores in the last couple of days.

Social media and Chinese state media reports show that the same thing is happening in other cities in Hubei, such as Wuhan, Huanggang and Yichang.

Chinese officials have their hands full trying to stem the panic of scared citizens.

On March 31, the market regulation bureau of the municipal government in Ezhou released a statement on Weibo, a Chinese social media platform similar to Twitter. The statement urged people to cease panic buying since the city has at least a one-year supply of rice and oil for all its residents....<<<Read The Full Article Here>>>...