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Sale of High Priced Items Slow as Mid-Autumn Festival Approaches

As China’s Mid-Autumn festival is approaching, the Central Commission for Discipline Inspection recently issued a notice to be strict in prohibiting the use of public funds for luxury gifts, food, and entertainment. Reports indicate that the market for high priced moon cake, mitten crab, cigarettes, and alcohol has been slow this year. Some food vendors have complained about the slow moving inventory and some expect that sales may be down as much as 10 percent compared to last year.

Source: People’s Daily, September 8, 2013