People rush to buy groceries, is China at risk of food security?
China
Published Nov 10, 2021
Tridge summary
Why are Chinese people rushing to buy food recently? On November 1, 2021, China's Ministry of Commerce issued a document asking local authorities to stabilize prices and food supplies for the coming winter months. "We recommend that households stock up on a certain amount of essentials to meet daily needs and emergencies."
Original content
The announcement sparked heated discussions online, with some even speculating it had something to do with a possible invasion of the island of Taiwan. The Commerce Department responded by reassuring residents that there was no imminent threat to the food supply. Meanwhile, the state-run Economic Daily also tried to quell online rumors by claiming the purpose of the announcement was to make sure people were prepared in the event of a blockade or quarantine. quarantine due to COVID-19. These efforts have not been enough to stop some consumers from hoarding cabbage, rice and flour. Futures for domestic cooking oil and Malaysian palm oil were also pushed up. Scenes at some supermarkets showed people lining up to buy goods, the South China Morning Post (SCMP) reported. Why is China's food security important? China needs to feed 1.4 billion people, about a fifth of the world's population. The memory of the famine that killed millions between 1958-1962 is still etched in the minds of ...
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