<p>Long serpentine queues, people jostling and fighting at the supermarkets to stock essential food items: These are the scenes of panic buying that is being witnessed across China—which is bracing for a fresh surge of COVID-19 outbreak and a long winter season.</p>

<p>Army biscuits and luncheon meals are becoming the most searched items online. Rice, soya sauce, chilli sauce are trending in Alibaba’s e-commerce website, even as vendors are running out of stock. According to reports, the top search on the internet in China reads household stockpile list.</p>

<p>It all started with a notice from China’s Ministry of Commerce on November 1, directing local governments to encourage people to stockpile “daily necessities”, including vegetables, oils and poultry, in order to “meet the needs of daily life and emergencies.”</p>

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<p dir="ltr" lang="zh">【中国各地民众响应政府号召抢购物资】<br />
中国商务部周初一纸通知原本恐吓台湾要“武统”，结果引发该国民众疯抢商品。有家庭甚至储备发电机。<br />
<br />
网上视频<a href="https://twitter.com/hashtag/%E5%8F%B0%E6%B5%B7%E5%8D%B1%E6%9C%BA?src=hash&amp;ref_src=twsrc%5Etfw">#台海危机</a><a href="https://twitter.com/hashtag/%E6%90%AC%E7%9F%B3%E5%A4%B4%E7%A0%B8%E8%87%AA%E5%B7%B1%E8%84%9A?src=hash&amp;ref_src=twsrc%5Etfw">#搬石头砸自己脚</a> <a href="https://t.co/TZu3AYpExy">pic.twitter.com/TZu3AYpExy</a></p>
— 自由亚洲电台 (@RFA_Chinese) <a href="https://twitter.com/RFA_Chinese/status/1456095437509644298?ref_src=twsrc%5Etfw">November 4, 2021</a></blockquote>
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<p dir="ltr" lang="en">China is encouraging people to stockpile food which has resulted in mass panic buying. Many items are sold out and people are fighting over bags of food. It's unclear the real reason the Chinese government is encouraging this behavior. <a href="https://t.co/gzdiBfzFYc">pic.twitter.com/gzdiBfzFYc</a></p>
— 974Rebelion✊ (@JohnWick97440) <a href="https://twitter.com/JohnWick97440/status/1457379106933383177?ref_src=twsrc%5Etfw">November 7, 2021</a></blockquote>
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<p dir="ltr" lang="en">Anyone else seeing similar images coming out of China? Apparently people are panic buying? <a href="https://t.co/zhG6RLgpbM">pic.twitter.com/zhG6RLgpbM</a></p>
— shaquille o'atmeal (@crypt0e) <a href="https://twitter.com/crypt0e/status/1456476067317776392?ref_src=twsrc%5Etfw">November 5, 2021</a></blockquote>
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<p>The order triggered a heated debate online, with some users speculating that the call to stockpile food was related to the possible outbreak of war with Taiwan, while others are attributing to impending lockdown owing to the fresh Covid outbreak.</p>

<p>“The government didn't even tell us to stock goods when the Covid outbreak erupted in early 2020,” wrote one user on Weibo social networking site earlier this week.</p>

<p>One video posted on Weibo by the state-owned news magazine China News Weekly shows long lines of shoppers at grocery stores in Changzhou, a city in Jiangsu province. Their carts are stacked full of produce and other supplies, while shelves throughout the stores are empty.</p>

<p>Supermarkets in various cities around the country saw flour, rice and other food items flying off the shelves.</p>

<p><strong>Watch</strong></p>

<div class="videoWrapper trancodeVideo"><iframe allowfullscreen="" autoplay="1" class="includeVideo" frameborder="0" height="350" src="https://www.wionews.com/videos/gravitas-panic-buying-in-china-427068/embed" style="width:100%;max-width:560px;" width="560"></iframe></div>

<p>The Ministry of Commerce responded by assuring people there was no imminent threat to the food supply, while the state-run&nbsp;Economic Daily&nbsp;newspaper tried to calm online speculation by saying that the intention of the notice was to make sure people were prepared for lockdowns or quarantine due to&nbsp;new coronavirus outbreaks.</p>

<p>China's instructions also pushed up domestic edible oil futures as well as Malaysian palm oil.</p>

<p>“It's going to be a cold winter, we want to make sure we have enough to eat,” Reuters quoted a woman outside a supermarket in central Beijing.</p>

<p>China's National Meteorological Centre is predicting a plunge in temperatures over the weekend in the northwest, southwest and most central and eastern regions.</p>

<p>Meanwhile, China continues to report rising number of Covid cases in several provinces. According to reports, hundreds of locally transmitted infections have been found in about two-thirds of its provinces.</p>

<p><em>(With inputs from agencies)</em></p>


Long serpentine queues, people jostling and fighting at the supermarkets to stock essential food items: These are the scenes of panic buying that is being witnessed across China—which is bracing for a fresh surge of COVID-19 outbreak and a long winter season.

Long serpentine queues, people jostling and fighting at the supermarkets to stock essential food items: These are the scenes of panic buying that is being witnessed across China—which is bracing for a fresh surge of COVID-19 outbreak and a long winter season. Army biscuits and luncheon meals are becoming the most searched items online. Rice, soya sauce, chilli sauce are trending in Alibaba’s e-commerce website, even as vendors are running out of stock. According to reports, the top search on the internet in China reads household stockpile list. It all started with a notice from China’s Ministry of Commerce on November 1, directing local governments to encourage people to stockpile “daily necessities”, including vegetables, oils and poultry, in order to “meet the needs of daily life and emergencies.” 【中国各地民众响应政府号召抢购物资】 中国商务部周初一纸通知原本恐吓台湾要“武统”，结果引发该国民众疯抢商品。有家庭甚至储备发电机。 网上视频#台海危机#搬石头砸自己脚 pic.twitter.com/TZu3AYpExy — 自由亚洲电台 (@RFA_Chinese) November 4, 2021 × China is encouraging people to stockpile food which has resulted in mass panic buying. Many items are sold out and people are fighting over bags of food. It's unclear the real reason the Chinese government is encouraging this behavior. pic.twitter.com/gzdiBfzFYc — 974Rebelion✊ (@JohnWick97440) November 7, 2021 × Anyone else seeing similar images coming out of China? Apparently people are panic buying? pic.twitter.com/zhG6RLgpbM — shaquille o'atmeal (@crypt0e) November 5, 2021 × The order triggered a heated debate online, with some users speculating that the call to stockpile food was related to the possible outbreak of war with Taiwan, while others are attributing to impending lockdown owing to the fresh Covid outbreak. “The government didn't even tell us to stock goods when the Covid outbreak erupted in early 2020,” wrote one user on Weibo social networking site earlier this week. One video posted on Weibo by the state-owned news magazine China News Weekly shows long lines of shoppers at grocery stores in Changzhou, a city in Jiangsu province. Their carts are stacked full of produce and other supplies, while shelves throughout the stores are empty. Supermarkets in various cities around the country saw flour, rice and other food items flying off the shelves. Watch The Ministry of Commerce responded by assuring people there was no imminent threat to the food supply, while the state-run Economic Daily newspaper tried to calm online speculation by saying that the intention of the notice was to make sure people were prepared for lockdowns or quarantine due to new coronavirus outbreaks. China's instructions also pushed up domestic edible oil futures as well as Malaysian palm oil. “It's going to be a cold winter, we want to make sure we have enough to eat,” Reuters quoted a woman outside a supermarket in central Beijing. China's National Meteorological Centre is predicting a plunge in temperatures over the weekend in the northwest, southwest and most central and eastern regions. Meanwhile, China continues to report rising number of Covid cases in several provinces. According to reports, hundreds of locally transmitted infections have been found in about two-thirds of its provinces. (With inputs from agencies)

China's new directive on stockpiling food triggers hoarding, panic buying

<p>According to China's state-run Global Times, the country's capital witnessed freezing temperature on Sunday amid a<strong> cold wave </strong>which was earlier than expected.</p>

<p>China's National <strong>Meteorological Centre </strong>(NMC) had earlier sent out an alert on cold wave conditions forecasting a drop in temperatures in southern and southwestern regions including in the central, eastern and southern areas.</p>

<p>The weather department had predicted strong and gusty winds in central and eastern regions as it informed that temperatures could dip in <strong>Shandong</strong>, Jiangsu and Henan.</p>

<p><a href="https://www.wionews.com/world/chinese-coal-prices-reach-an-all-time-high-power-outages-persist-420074">Also Read:&nbsp;Chinese coal prices reach an all-time high, power outages persist&nbsp;</a></p>

<p>Global Times informed that Beijing had already experienced snow on its National Day earlier this month and Henan province which usually witnesses snowy conditions in November and December saw&nbsp;flakes appear.</p>

<p>A <strong>blue alert</strong> was forecast by China's weather department amid the cold wave. The state-run newspaper quoting an expert informed that the cold wave may increase demand for power and heating and it "could be a challenge for the country, which is already short of power."</p>

<p><a href="https://www.wionews.com/world/evergrande-risks-controllable-says-chinas-central-bank-420980">Also Read:&nbsp;Evergrande risks 'controllable', says China's central bank</a></p>

<p>The development comes as the country recorded slower than expected economic growth in the third quarter.</p>

<p><strong>Watch:</strong></p>

<div class="videoWrapper trancodeVideo"><iframe allowfullscreen="" autoplay="1" class="includeVideo" frameborder="0" height="350" src="https://www.wionews.com/videos/chinas-economy-faces-challenges-such-as-default-risks-for-certain-firms-due-to-mismanagement-421694/embed" style="width:100%;max-width:560px;" width="560"></iframe></div>

<p>China has been hit by a property sector crisis triggered by the <strong>Evergrande Group</strong> and a looming energy shortage.</p>

<p><a href="https://www.wionews.com/business-economy/car-production-in-china-set-to-decline-by-2-million-due-to-chip-shortage-report-421623">Also Read:&nbsp;&nbsp;Car production in China set to decline by 2 million due to chip shortage</a></p>

<p>China's National Bureau of Statistics (NBS) said there was an "unstable and uneven" domestic rebound as the GDP grew 4.9 per cent in the third quarter.&nbsp;China's aluminium production also declined as the daily steel output hit the lowest level since 2018.</p>

<p>(With inputs from Agencies)</p>

<p><br />
&nbsp;</p>


According to China's state-run Global Times, the country's capital witnessed freezing temperature on Sunday amid a cold wave which was earlier than expected. China's National Meteorological Centre (NMC) had earlier sent out an alert on cold wave conditions forecasting a drop in temperatures in southern and southwestern regions including in the central, eastern and southern areas.

According to China's state-run Global Times, the country's capital witnessed freezing temperature on Sunday amid a cold wave which was earlier than expected. China's National Meteorological Centre (NMC) had earlier sent out an alert on cold wave conditions forecasting a drop in temperatures in southern and southwestern regions including in the central, eastern and southern areas. The weather department had predicted strong and gusty winds in central and eastern regions as it informed that temperatures could dip in Shandong, Jiangsu and Henan. Also Read: Chinese coal prices reach an all-time high, power outages persist Global Times informed that Beijing had already experienced snow on its National Day earlier this month and Henan province which usually witnesses snowy conditions in November and December saw flakes appear. A blue alert was forecast by China's weather department amid the cold wave. The state-run newspaper quoting an expert informed that the cold wave may increase demand for power and heating and it "could be a challenge for the country, which is already short of power." Also Read: Evergrande risks 'controllable', says China's central bank The development comes as the country recorded slower than expected economic growth in the third quarter. Watch: China has been hit by a property sector crisis triggered by the Evergrande Group and a looming energy shortage. Also Read: Car production in China set to decline by 2 million due to chip shortage China's National Bureau of Statistics (NBS) said there was an "unstable and uneven" domestic rebound as the GDP grew 4.9 per cent in the third quarter. China's aluminium production also declined as the daily steel output hit the lowest level since 2018. (With inputs from Agencies)

Cold wave hits Beijing earlier than expected amid power shortage in China

<p>Chinese President Xi Jinping had made an appeal earlier this year for citizens to clean their plates.</p>

<p>The statement kicked off a campaign to conserve food leading many to believe that China is witnessing a shortage. Months after Xi Jinping's appeal, China has launched a global hunt for grains.</p>

<p>Watch |&nbsp;</p>

<div class="videoWrapper trancodeVideo"><iframe allowfullscreen="" autoplay="1" class="includeVideo" frameborder="0" height="350" src="https://www.wionews.com/videos/gravitas-amid-fears-of-food-shortage-chinese-kick-off-global-hunt-for-grains-347028/embed" style="width:100%;max-width:560px;" width="560"></iframe></div>

<p>Xi Jinping's list of problems keeps growing. It began with the Wuhan virus that led to record unemployment, poverty, economic slowdown and a global backlash. Now, China could be struggling to ensure it has enough food for every citizen.</p>

<p>Earlier this year, Xi Jinping appealed to all Chinese citizens to clean their plates and as if on cue, the Chinese state media began a campaign. Citizens were encouraged to order less while restaurants rewarded those who wiped their plates clean.</p>

<p>In August, restaurants in Chinese cities were rewarding customers to clean their plates with coupons and cash rebates. upmarket hotels like the Marriot trimmed their buffets by taking off dishes from the menus. The price of a buffet at the Sheraton in Ningbo -went down to $22 per person because of the reduced food options.</p>

<p>China undertook the campaign amid fears that it may not have enough fresh food to go around with several food items reportedly in short supply.&nbsp;</p>

<p>There is a shortage of pork after an outbreak of African swine fever. Reports say pork prices in China soared 135 per cent in February this year. Corn could be in short supply too. Reports say this year's corn crop has been ruined by floods with supplies of eggs, seafood and green vegetables affected.</p>

<p>The Chinese state media denies all claims of a food crisis but, Beijing is reaching out to suppliers. It is on a global hunt for supplies. China's imports of barley, corn, sorghum and wheat have jumped by more than 83 per cent. There could reportedly be a shortfall of 20 to 30 million tonnes of grain this season. Beijing could be trying to fill the gap with imports. Buyers have already locked in 17 million tonnes of corn for 2020-21.</p>

<p>China does waste an awful amount of food back in 2015 the Chinese academy of sciences estimated that 17 to 18 million tonnes of food was wasted in China that should be enough to feed a country about the size of South Korea.</p>

<p>China is now the world's largest agricultural importer. It is now banking on the same imports to tackle a looming food crisis.</p>

<p>The United Nations predicts the world is facing a food crisis that hasn't been seen in at least 50 years. China seems to be in the middle of such a crisis and it now could be buying up every grain that is available in the global market.</p>


Chinese President Xi Jinping had made an appeal earlier this year for citizens to clean their plates. The statement kicked off a campaign to conserve food leading many to believe that China is witnessing a shortage.

Chinese President Xi Jinping had made an appeal earlier this year for citizens to clean their plates. The statement kicked off a campaign to conserve food leading many to believe that China is witnessing a shortage. Months after Xi Jinping's appeal, China has launched a global hunt for grains. Watch | Xi Jinping's list of problems keeps growing. It began with the Wuhan virus that led to record unemployment, poverty, economic slowdown and a global backlash. Now, China could be struggling to ensure it has enough food for every citizen. Earlier this year, Xi Jinping appealed to all Chinese citizens to clean their plates and as if on cue, the Chinese state media began a campaign. Citizens were encouraged to order less while restaurants rewarded those who wiped their plates clean. In August, restaurants in Chinese cities were rewarding customers to clean their plates with coupons and cash rebates. upmarket hotels like the Marriot trimmed their buffets by taking off dishes from the menus. The price of a buffet at the Sheraton in Ningbo -went down to $22 per person because of the reduced food options. China undertook the campaign amid fears that it may not have enough fresh food to go around with several food items reportedly in short supply. There is a shortage of pork after an outbreak of African swine fever. Reports say pork prices in China soared 135 per cent in February this year. Corn could be in short supply too. Reports say this year's corn crop has been ruined by floods with supplies of eggs, seafood and green vegetables affected. The Chinese state media denies all claims of a food crisis but, Beijing is reaching out to suppliers. It is on a global hunt for supplies. China's imports of barley, corn, sorghum and wheat have jumped by more than 83 per cent. There could reportedly be a shortfall of 20 to 30 million tonnes of grain this season. Beijing could be trying to fill the gap with imports. Buyers have already locked in 17 million tonnes of corn for 2020-21. China does waste an awful amount of food back in 2015 the Chinese academy of sciences estimated that 17 to 18 million tonnes of food was wasted in China that should be enough to feed a country about the size of South Korea. China is now the world's largest agricultural importer. It is now banking on the same imports to tackle a looming food crisis. The United Nations predicts the world is facing a food crisis that hasn't been seen in at least 50 years. China seems to be in the middle of such a crisis and it now could be buying up every grain that is available in the global market.

China food crisis: Pork, corn in short supply as restaurants trim buffets

<p>For the first time in 30 years, China has been forced to buy rice from India because rice is a staple food item for two-thirds of Chinese and China may not have enough of it.</p>

<p>A few months ago, it was reported that China could be staring at a food crisis. The Wuhan virus, floods, epidemics, locusts and the trade wars triggered a food shortage in China as President Xi Jinping launched a public campaign to control wastage.</p>

<p><strong>Watch |&nbsp;</strong></p>

<div class="videoWrapper trancodeVideo"><iframe allowfullscreen="" autoplay="1" class="includeVideo" frameborder="0" height="350" src="https://www.wionews.com/videos/gravitas-why-china-is-buying-rice-from-india-347030/embed" style="width:100%;max-width:560px;" width="560"></iframe></div>

<p>Several Chinese experts say China could be in the middle of a food crisis. Beijing has deployed its entire media machinery to fight this charge. The state mouthpieces have countered claims of food crisis with editorials, opinions and videos but they haven't been able to kill the story and now China is buying rice from India.</p>

<p>While the border standoff still continues, it couldn't be more clear that China is short on food supplies. With rice supplies from Thailand, Myanmar and Vietnam having reduced, China needs more rice, so it began importing from India reportedly at discounted prices.</p>

<p>Indian traders have been contracted to export 100,000 tonnes of broken rice for $300 dollars per tonne. Broken rice are fragments of rice grains which are broken in the field during drying or transport or by milling.</p>

<p>Thailand, Vietnam, Myanmar and Pakistan have been China's traditional suppliers but this time they haven't been able to supply what China needs, also they were quoting rates which was at least $30 more for a tonne of rice.</p>

<p>India is the world's biggest rice exporter and China is the biggest importer. China needs more rice. In fact, the Dragon needs a lot more than rice with many crises this year having shaken the food supply chains in China, it has forced the Chinese to buy several goods from overseas.</p>

<p>It comes after China's President Xi Jinping called the food wastage in China "shocking" and "distressing". It led to a public campaign in China with restaurants taking special measures to stop wastage.</p>

<p>In Wuhan, the original epicentre of the pandemic, the catering association started limiting the number of portions that one can order in restaurants. They wrote an open letter asking restaurants to be more "mindful" of the amount of food they are served.</p>

<p>A new rule for ordering was created called the "n-1 model" which means a group dining at a restaurant will be served one dish less. So, if there are 10 people, they will be able to order just nine portions of food.</p>

<p>There was a clampdown on any sight of extravagance. The Chinese government started taking down muckbang videos where people eat vast amounts of food quickly. China felt these videos encourage wastage, so they were censored from social media</p>

<p>Some others went a step ahead, a restaurant in central China asked customers to weigh themselves before they order their meals but apologised after facing a backlash. Chinese state media has played a vital role in the campaign.</p>

<p>When the international media raised doubts over the shortage, the Chinese state mouthpieces hit back saying "thriftiness" or the quality of being careful with money or resources especially avoiding waste is a part of Chinese culture - a practice that dates back thousands of years.</p>

<p>At the same time, reports of a bumper harvest kept pouring in. Since September, Xinhua has been reporting that China had bumper harvests of both summer grain and early rice in 2020.</p>


For the first time in 30 years, China has been forced to buy rice from India because rice is a staple food item for two-thirds of Chinese and China may not have enough of it.

For the first time in 30 years, China has been forced to buy rice from India because rice is a staple food item for two-thirds of Chinese and China may not have enough of it. A few months ago, it was reported that China could be staring at a food crisis. The Wuhan virus, floods, epidemics, locusts and the trade wars triggered a food shortage in China as President Xi Jinping launched a public campaign to control wastage. Watch | Several Chinese experts say China could be in the middle of a food crisis. Beijing has deployed its entire media machinery to fight this charge. The state mouthpieces have countered claims of food crisis with editorials, opinions and videos but they haven't been able to kill the story and now China is buying rice from India. While the border standoff still continues, it couldn't be more clear that China is short on food supplies. With rice supplies from Thailand, Myanmar and Vietnam having reduced, China needs more rice, so it began importing from India reportedly at discounted prices. Indian traders have been contracted to export 100,000 tonnes of broken rice for $300 dollars per tonne. Broken rice are fragments of rice grains which are broken in the field during drying or transport or by milling. Thailand, Vietnam, Myanmar and Pakistan have been China's traditional suppliers but this time they haven't been able to supply what China needs, also they were quoting rates which was at least $30 more for a tonne of rice. India is the world's biggest rice exporter and China is the biggest importer. China needs more rice. In fact, the Dragon needs a lot more than rice with many crises this year having shaken the food supply chains in China, it has forced the Chinese to buy several goods from overseas. It comes after China's President Xi Jinping called the food wastage in China "shocking" and "distressing". It led to a public campaign in China with restaurants taking special measures to stop wastage. In Wuhan, the original epicentre of the pandemic, the catering association started limiting the number of portions that one can order in restaurants. They wrote an open letter asking restaurants to be more "mindful" of the amount of food they are served. A new rule for ordering was created called the "n-1 model" which means a group dining at a restaurant will be served one dish less. So, if there are 10 people, they will be able to order just nine portions of food. There was a clampdown on any sight of extravagance. The Chinese government started taking down muckbang videos where people eat vast amounts of food quickly. China felt these videos encourage wastage, so they were censored from social media Some others went a step ahead, a restaurant in central China asked customers to weigh themselves before they order their meals but apologised after facing a backlash. Chinese state media has played a vital role in the campaign. When the international media raised doubts over the shortage, the Chinese state mouthpieces hit back saying "thriftiness" or the quality of being careful with money or resources especially avoiding waste is a part of Chinese culture - a practice that dates back thousands of years. At the same time, reports of a bumper harvest kept pouring in. Since September, Xinhua has been reporting that China had bumper harvests of both summer grain and early rice in 2020.

Amid virus & trade wars, China forced to buy rice from India

<h1><meta name="uuid" content="uuidswyHCYNkKKa4" /><meta charset="utf-8" /></h1>

<p>China's military is provoking its neighbours and is trying to grab territory. Xi Jinping wants to tighten control on Tibet.</p>

<p>But, he is ignoring the troubles that stare him in the face.</p>

<p>Chinese banks are bleeding and oil companies are on a slippery slope and China may be running out of food.</p>

<p>China's five largest banks have reported their biggest profit declines in at least a decade. All of them down by at least 10 per cent.</p>

<p>These five banks are:</p>

<ol>
	<li>Industrial and Commercial Bank of China</li>
	<li>China Construction Bank</li>
	<li>Agricultural Bank of China</li>
	<li>Bank of China</li>
	<li>Bank of Communications</li>
</ol>

<p>They all reported their results last week. All of them have lost billions of dollars in profits. The reason is quite simple. The government is plundering them.</p>

<p>The Chinese State has control over large banks. They all have been pressed into "national service".</p>

<p>These banks are being used by China to pump money into the economy...</p>

<p>To soften the blow --- dealt by the Wuhan virus.</p>

<p>Reportedly, Beijing has asked financial institutions to sacrifice 219 billion dollars. The banks will lose this money. They have been asked to lower lending rates and defer payments on loans.</p>

<p>This is how China plans to save its economy.</p>

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<p>China's banks have to deal with almost 480 billion dollars worth of non-performing loans this year. This number --- comes from China's top banking regulator.</p>

<p>The China Banking and insurance regulatory commission. So profits have declined and the problem of bad loans --- is becoming too big to overcome.</p>

<p>China's biggest oil companies are losing money too. Sinopec is Asia's biggest refiner. It has reported a loss of 3.2 billion dollars. This is Sinopec's worst-ever loss over a half year period.</p>

<p>Petrochina is China's biggest oil producer. It has posted an even bigger loss of 29.98 billion yuan. That is a little more than four billion dollars.</p>

<p>Problem number three and this affects the people directly. China is running out of food. Xi Jinping tried to make a virtue out of necessity.&nbsp;</p>

<p>He launched a clean your plate campaign. Tried to spin the shortage as a campaign to fight food wastage. He told people to consume less.</p>

<p>According to the campaign, a group of four in the restaurant should order only for 3 people. Nobody bought the special.&nbsp;</p>

<p>That campaign has reportedly led to panic. The fears of a potential food crisis --- are now looking real.</p>

<p>According to a report, many farmers in China are hoarding crops. They believe that there will be a shortage of supply in this season.</p>

<p>Prices will rise so it is better to hold on to the crops.</p>

<p>This comes after a senior agriculture ministry official issued a statement last week. He said that consumers should not be "overly anxious" or even resort to "panic buying". It seems like the assurances are not working.</p>

<p>Xi finds himself in quite a soup.&nbsp;</p>


China's military is provoking its neighbours and is trying to grab territory. Xi Jinping wants to tighten control on Tibet. But, he is ignoring the troubles that stare him in the face.

China's military is provoking its neighbours and is trying to grab territory. Xi Jinping wants to tighten control on Tibet. But, he is ignoring the troubles that stare him in the face. Chinese banks are bleeding and oil companies are on a slippery slope and China may be running out of food. China's five largest banks have reported their biggest profit declines in at least a decade. All of them down by at least 10 per cent. These five banks are: Industrial and Commercial Bank of China China Construction Bank Agricultural Bank of China Bank of China Bank of Communications They all reported their results last week. All of them have lost billions of dollars in profits. The reason is quite simple. The government is plundering them. The Chinese State has control over large banks. They all have been pressed into "national service". These banks are being used by China to pump money into the economy... To soften the blow --- dealt by the Wuhan virus. Reportedly, Beijing has asked financial institutions to sacrifice 219 billion dollars. The banks will lose this money. They have been asked to lower lending rates and defer payments on loans. This is how China plans to save its economy. × China's banks have to deal with almost 480 billion dollars worth of non-performing loans this year. This number --- comes from China's top banking regulator. The China Banking and insurance regulatory commission. So profits have declined and the problem of bad loans --- is becoming too big to overcome. China's biggest oil companies are losing money too. Sinopec is Asia's biggest refiner. It has reported a loss of 3.2 billion dollars. This is Sinopec's worst-ever loss over a half year period. Petrochina is China's biggest oil producer. It has posted an even bigger loss of 29.98 billion yuan. That is a little more than four billion dollars. Problem number three and this affects the people directly. China is running out of food. Xi Jinping tried to make a virtue out of necessity. He launched a clean your plate campaign. Tried to spin the shortage as a campaign to fight food wastage. He told people to consume less. According to the campaign, a group of four in the restaurant should order only for 3 people. Nobody bought the special. That campaign has reportedly led to panic. The fears of a potential food crisis --- are now looking real. According to a report, many farmers in China are hoarding crops. They believe that there will be a shortage of supply in this season. Prices will rise so it is better to hold on to the crops. This comes after a senior agriculture ministry official issued a statement last week. He said that consumers should not be "overly anxious" or even resort to "panic buying". It seems like the assurances are not working. Xi finds himself in quite a soup.

Banks, loans, food: Xi's China faces crisis at home

<p>The Chinese dream seems to be edging closer to collapse with allegedly more than two million companies shutting shop and millions being forced to leave their homes due to floods.</p>

<p>Amid the chaos, China could be now running short of food.</p>

<p>Three companies - Huawei, ZTE and Tiktok have been banned in different corners of the world and Beijing has been fighting tooth and nail against the bans. Chinese diplomats protest every week in front of the global press but they make no mention of how businesses are shutting down in China.</p>

<p>A report went viral on China’s favourite messaging app WeChat which claims that more than two million companies have closed down in China this year.&nbsp;</p>

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<p>In Jiangsu province one out of every 10 companies has closed, similarly in Guangdong several thousand&nbsp;companies could have gone out of business. However, it is not the only problem that China has been&nbsp;trying to brush under the carpet. After the Wuhan virus, a series of environmental disasters is killing more jobs.</p>

<p>China is dealing with its worst flooding in decades. According to one estimate, 3.7 million people have either been displaced or have been evacuated from their homes. Northwest China is among the worst-hit regions. It is witnessing one disaster after another with floodwaters yet to recede in several parts.</p>

<p>A mudslide struck a village with the rain triggering landslides on freeways. The floods could lead to a food shortage, already Xi Jinping has announced a clean your plate campaign which is a frugality drive to avert a food crisis.</p>

<p>Restaurants in Beijing have been complying with the president’s orders. These are troubled times for China and there's another storm brewing typhoon ‘Higos’ which has been moving towards southern China even as President Xi Jinping is busy claiming foreign lands.</p>


The Chinese dream seems to be edging closer to collapse with allegedly more than two million companies shutting shop and millions being forced to leave their homes due to floods.

The Chinese dream seems to be edging closer to collapse with allegedly more than two million companies shutting shop and millions being forced to leave their homes due to floods. Amid the chaos, China could be now running short of food. Three companies - Huawei, ZTE and Tiktok have been banned in different corners of the world and Beijing has been fighting tooth and nail against the bans. Chinese diplomats protest every week in front of the global press but they make no mention of how businesses are shutting down in China. A report went viral on China’s favourite messaging app WeChat which claims that more than two million companies have closed down in China this year. In Jiangsu province one out of every 10 companies has closed, similarly in Guangdong several thousand companies could have gone out of business. However, it is not the only problem that China has been trying to brush under the carpet. After the Wuhan virus, a series of environmental disasters is killing more jobs. China is dealing with its worst flooding in decades. According to one estimate, 3.7 million people have either been displaced or have been evacuated from their homes. Northwest China is among the worst-hit regions. It is witnessing one disaster after another with floodwaters yet to recede in several parts. A mudslide struck a village with the rain triggering landslides on freeways. The floods could lead to a food shortage, already Xi Jinping has announced a clean your plate campaign which is a frugality drive to avert a food crisis. Restaurants in Beijing have been complying with the president’s orders. These are troubled times for China and there's another storm brewing typhoon ‘Higos’ which has been moving towards southern China even as President Xi Jinping is busy claiming foreign lands.

China faces flood ruin as companies shut shop