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China: Panic buying continues

Categories: East Asia, China, Economics & Business

Following panic buying of salt [1] earlier this month, the last few days have seen residents of Shanghai buying up laundry detergent, soap, toothpaste and shampoo out of fear that companies are about to raise prices [2] for those and other similar goods. This photo [3] from angry [4] Shanghai microblogger Yin Zhuonan shows that many domestic laundry detergent are selling out the quickest.