Coronavirus: China’s consumers push back against price increases as firms seek to offset Covid-19 impact

Chinese hotpot restaurant chain Haidilao found out the hard way that Chinese consumers, buffeted by weeks of lockdowns and travels restrictions as well as rising worries about their jobs and incomes, are in no mood to see the price of food and other daily necessities increase.In the middle of March, the chain reopened its doors after being shut since late January due to the coronavirus outbreak, but customers were shocked to see prices had jumped by around 6 per cent, sparking many to express…

from South China Morning Post https://bit.ly/2ROZB5f