China Sparks “Panic Buying” After Telling Households To Stockpile Food Ahead Of Winter

0
207

Assessment“As soon as this news came out, all the old people near me went crazy panic buying in the supermarket,” wrote one Weibo user …

Central planners are at it again. In September, China ordered the country’s top state-owned energy companies to secure supplies for this winter at “all costs.” Now they’re telling households to stockpile food ahead of winter, sparking wild conspiracies among netizens about heightening tensions with Taiwan.

According to Bloomberg, the Ministry of Commerce told households Monday to stock up on food in case of emergencies after a resurgence of the virus pandemic, heavy rains that sparked vegetable prices to jump, and the onset of colder weather.

The commerce ministry directive is similar to the one released ahead of the holidays at the start of October, which told local governments to secure food supplies. The order comes as a coronavirus outbreak prompted fresh lockdowns.

The directive was released on the government’s Weibo account, a similar platform to Twitter, stated: “Ministry of Commerce encourages households to stockpile daily necessities as needed.” It had more than 17 million views as of Tuesday