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China s market regulator fines 5 platforms over price war to grab share

China’s market regulator fines 5 platforms over price war to grab share Zhang Dan and Yang Kunyi Published: Mar 03, 2021 08:38 PM A resident selects vegetables at a supermarket in Xiangfang District of Harbin, northeast China s Heilongjiang Province, Jan. 30, 2021. Price and supply of daily necessities are stable in Harbin amid the ongoing COVID-19 pandemic, local authorities told a press briefing here on Saturday. (Xinhua/Wang Jianwei) China s State Administration for Market Regulation (SAMR) fined five community group-buying online platforms on Wednesday citing improper price competition practices, a move that shows the country s strengthening supervision of emerging online businesses and efforts to deter technology giants from becoming monopolistic in their businesses.

Online sales of holiday-related goods surge ahead of Chinese New Year

SOURCE / ECONOMY By Global Times Published: Feb 02, 2021 09:03 PM A staff member arranges products at a supermarket in Xiangfang District of Harbin, northeast China s Heilongjiang Province, Jan. 30, 2021. Price and supply of daily necessities are stable in Harbin amid the ongoing COVID-19 pandemic, local authorities told a press briefing here on Saturday. (Xinhua/Wang Jianwei) A government-backed online holiday goods sales promotion has seen skyrocketing numbers in its first 10 days, as consumers stock up on everything from food to refrigerators to fitness equipment ahead of the upcoming Chinese New Year, official data showed on Tuesday. From January 20-29, online sales of holiday goods reached 344.11 billion yuan ($53.34 billion), according to the Ministry of Commerce (MOFCOM), one of the organizers of the online sales event, which is separate from other sales events being promoted by China s online platforms.

Update: Chinese mainland reports 73 new locally transmitted COVID-19 cases

Update: Chinese mainland reports 73 new locally transmitted COVID-19 cases
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China rolls out measures to ensure Spring Festival supplies

SOURCE / ECONOMY By Global Times Published: Jan 27, 2021 01:59 PM Consumers shop at a supermarket in Xiangfang District, Harbin, northeast China s Heilongjiang Province, Jan. 25, 2021. Heilongjiang authorities have been making continuous efforts to ensure food supply amid the ongoing COVID-19 pandemic. (Xinhua/Wang Song) Officials from China s central government departments revealed a flurry of measures to ensure supply of materials, ranging from pork, vegetables to entertainment products, for the upcoming Spring Festival holiday, during which people are encouraged or requested to stay put in the cities they work to prevent spread of the coronavirus.  One of top priorities is supply of food for the holiday season. Zhu Xiaoliang, a government official from the Ministry of Commerce, said at a press conference on Wednesday that the government will release 20,000-30,000 tons of frozen pork reserve per week into the market during the Spring Festival. The country will also relea

China s Heilongjiang reports 16 confirmed, 12 asymptomatic COVID-19 cases - China News

2021-01-13 01:36:05 GMT2021-01-13 09:36:05(Beijing Time) Xinhua English HARBIN, Jan. 13 (Xinhua) Northeast China s Heilongjiang Province reported 16 confirmed domestically transmitted COVID-19 cases and 12 new asymptomatic infections on Tuesday, local health authorities said on Wednesday. Thirteen of the confirmed cases were previous asymptomatic carriers in Wangkui County, three others were in Xiangfang District in the provincial capital of Harbin, according to the provincial health commission of Heilongjiang. The 12 new asymptomatic carriers were all close contacts or secondary close contacts of earlier COVID-19 infections in Huiqi Village, Wangkui County. All the new confirmed and asymptomatic cases have been rushed to designated medical institutions, their close contacts and secondary close contacts have been put under medical isolation, and the places they visited have been disinfected.

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