Chinese New Year sales slow amid price hike in Myanmar

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Chinese New Year sales slow amid price hike in Myanmar

STORY: Chinese New Year sales slow amid price hike in Myanmar DATELINE: Jan. 21, 2023 LENGTH: 00:05:00 LOCATION: Yangon CATEGORY: ECONOMY SHOTLIST: 1. various of local markets STORYLINE: Sales of the Chinese New Year decorations and snacks in shops at Yangon's Chinatown have slowed as commodity prices are soaring in the Southeast Asian country of Myanmar. Retailers from Yangon's Chinatown said the prices of the festive products for the Lunar New Year nearly doubled, compared to the prices a year earlier. U Maung Aye, the owner of the One Star Store at Yangon's Chinatown, told Xinhua that his shop saw a slight decrease in sales of New Year products this year, saying that some prices were up nearly 100 percent. With the Year of the Rabbit around the corner, Chinese residents in Yangon are thronging the shops at Yangon's Chinatown to buy things for the New Year. "Red envelopes are selling well at my shops. As the new year is the Year of Rabbit, the sales of rabbit dolls are also good," Sin Sin, a re

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  • 2023/1/21 00:00:00
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  • Xinhua / Kyodo News Images
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  • Xinhua News Agency.All Rights Reserved
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