Are you looking for stocks?

Are you looking for stocks?

The information you requested is temporarily unavailable. Please check back later.

(Bloomberg)-After the government this week urged families to stock up on food and daily necessities, military biscuits and luncheon meat became the most searched products on the Internet by Chinese citizens.

According to local media reports, orders for compressed biscuits (a common military ration) on China's e-commerce platform have soared, and some suppliers have been out of stock. 

Alibaba Group Holdings’ Taobao website shows that other popular products include rice, soy sauce, chili sauce and noodles. A popular search on JD.com is "family inventory".

On Monday evening, the Ministry of Commerce issued a notice requesting local authorities to ensure adequate food supplies and encouraging people to stock up daily necessities for winter or emergency situations. This has led to speculation on the Internet as to whether the move is related to the expansion of the coronavirus outbreak, the cold snap, and even the increase in tension in Taiwan.

A ministry official responded to these concerns on Tuesday, saying that daily supplies are adequate and fully guaranteed. The State Economic Daily also published a report stating that the notice was designed to ensure that people are prepared for potential quarantine during the current coronavirus outbreak. 

The list of recommended emergency daily necessities issued by Jiangsu Province in October was also circulated on social media. The list includes instant noodles, bottled water, compressed biscuits and luncheon meat.

Darren Sissons discusses FAANG stock and Microsoft

Amazon's breakthrough will be a "very important thing": Fairlead Strategies founder Katie Stockton

Investors will see "only blowout earnings" this quarter: David Nelson of Bell Point

McCreece: April CPI data frightened the stock market

The bears believe that technological gains are unsustainable, but the fundamentals are strong: Ives of Wedbush Securities

Interest rates are still too low to threaten the technology industry: Dan Morgan of Synovus