China punishes price gougers as nerves fray over shortages

Cities put bankrupt companies back in business to make protective gear

20200204N China supermarket

A man in a face mask shops at a supermarket in Beijing. The Chinese government wants to prevent any shortages or price spikes that could trigger public panic. © Reuters

YUSHO CHO, Nikkei staff writer

SHANGHAI -- China is nervously monitoring supplies and prices of food and other daily necessities, as people return to cities from the extended Lunar New Year holiday amid the coronavirus outbreak that has strained the nation's logistics network.

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