SOURCE / ECONOMY
Chinese shoppers show confidence in precautions By GT staff reporters Published: Mar 17, 2021 09:28 PM
Norwegian salmon sold at a supermarket in China. Photo: Courtesy of the Norwegian Seafood Council
China s imported cold-chain food industry, once a center of attention over repeated COVID-19 cases, is bouncing back after a surge of consumption during and after the Chinese Spring Festival.
Salmon from Norway and cherries from Chile are popular once again, another example of how the country s market is recovering.
Several traders and retailers that the Global Times reached on Wednesday said that business hit bottom in the second half of last year, but now sales are picking up in restaurants and stores, and a full recovery is expected in the second half of the year.
SOURCE / ECONOMY By Global Times Published: Feb 07, 2021 10:07 PM
A chef shows prepared food for a set menu for the Spring Festival dinner at a restaurant in Yinchuan, Northwest China s Ningxia Hui Autonomous Region on Sunday. In response to the call of staying put during the holidays, eating at home may be a popular choice for many families to reduce the risks of infection. Photo: cnsphoto
As the Chinese New Year festival draws near, sales of holiday-related meals - a Lunar New Year s eve tradition - are soaring online and in stores. Sales rose four to five times from last year after the government encouraged people to stay put during the holidays, to prevent virus spread.
Cherry Prices Tumble in Shanghai After Covid-19 Is Found on Imports Tang Shihua Cherry Prices Tumble in Shanghai After Covid-19 Is Found on Imports
(Yicai Global) Jan. 28 The price of cherries in Shanghai has crashed since traces of the Covid-19 virus was found on the inner packaging of a batch being sold in Wuxi, southeastern Jiangsu province last week, the Shanghai Observer reported today.
“The price for 2.5 kilograms of double J black cherries imported from Chile was CNY199 (USD30) a week ago. Now it is CNY119?” said a customer at a Hema Fresh grocery store in Shanghai’s Pudong district, who could not believe his eyes.
Chinese cold chain logistics firm Fresh Life nets $93m from CICC, others
Photo: Leonie Wise/Unsplash Premium
Fresh Life Style Supply Chain Management, a subsidiary of the Chinese agricultural business conglomerate New Hope Group, has completed its Series A round of financing raising 600 million yuan ($93 million), as per a company statement on Tuesday.
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China s GDP topped 100 trillion yuan ($15.4 trillion) for the first time in 2020, marking a milestone that demonstrates China s economic, technology strength and the country s comprehensive national power has embarked on a huge new step, Chinese officials said.