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China takes measures to ensure stable food supply, prices as Spring Festival approaches

China

China

China

China takes measures to ensure stable food supply, prices as Spring Festival approaches

2025-01-02 20:37 Last Updated At:21:17

⁠⁠⁠⁠⁠⁠⁠Chinese authorities have taken various measures to ensure sufficient food supplies and stable food prices as Spring Festival, the most important traditional Chinese festival that usually sees surging consumer demand, is approaching. 

In Luohe City of central China's Henan Province, large farmer's markets and supermarkets are stocked with a wide array of daily necessities and fresh vegetables, offering a comprehensive selection and ample supply.

A significant increase can be seen in the variety of rice, flour, and edible oil in supermarkets. Price tags are color-coded, with white tags indicating market prices, while yellow tags discounted prices. Any fluctuations in prices will be closely monitored.

"Prices are clearly marked and based on government guidelines. To ensure a steady supply, we have rice and flour supplies in stock 20 times the usual amount, and edible oil 30 times. Our supply vehicles will [deliver goods to] stores every day before 10:00, and the quality is guaranteed," said Zhang Sufang, a staff member at a local supermarket.

Meanwhile, there is growing attention to new market trends focusing on nutrition and health.

"We will ensure a sufficient supply and stable prices of grain and edible oil products, and maintain consistent market availability. We will actively adapt to the growing trend of nutrition and health consumption, support enterprises in increasing the supply of sought-after, high-quality new products with characteristics, accelerate the cultivation and promotion of whole grain products, so as to better meet the diverse, personalized, and customized consumption needs of consumers," said Luo Shouquan, director of the grain reserves department of the National Food and Strategic Reserves Administration.

China takes measures to ensure stable food supply, prices as Spring Festival approaches

China takes measures to ensure stable food supply, prices as Spring Festival approaches

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Trade-in program continue spurring consumer spending in new year

2025-01-05 01:07 Last Updated At:01:17

Many regions across China are continuing or increasing incentives for trade-in program into the near year, with consumers enjoying more discounts in their major move-up purchases. 

In Shanghai, consumers can enjoy a 15 to 20 percent discount on eight categories of products such as television sets, washing machines, and range hoods in the new round of trade-in promotion. Coupons are available online, which can be used for discounts both in physical stores and on e-commerce platforms.

"I've come here to buy a water heater, and the discount is quite good. Without the national subsidy scheme, it would have cost over 3,000 yuan (roughly 410 in U.S. dollars), but now it's 600 to 700 yuan (82 to 96 U.S. dollars) cheaper. It's a great deal," said a resident in a downtown mall.

In south China's Guangxi Zhuang Autonomous Region, the regional department of commerce announced that the amount of subsidy for automobiles, home appliances, and electric bicycles will remain basically at the same levels as in 2024 until new trade-in related measures roll out, while the size of subsidy for products such as mobile phones, tablets, and smart bracelets is expected to be unveiled soon.

The trade-in program is part of China's efforts to boost domestic demand and support economic growth.

Trade-in program continue spurring consumer spending in new year

Trade-in program continue spurring consumer spending in new year

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