Prices of fresh flowers have fallen by half ahead of the Chinese New Year as government institutions and corporations cut back on luxury spending.
Butterfly orchid, cymbidium orchid and azalea, major types of flowers for the holiday season, are much cheaper than last year. A 12-bud butterfly orchid now costs less than 200 yuan (US$33) at a wholesale market, compared with 380 yuan a year ago.
A customer surnamed Zhang visited Wushan Flower Market over the weekend and bought a six-bud butterfly orchid with a vase for 180 yuan.
Wushan Flower Market is one of the largest flower wholesale markets in Hangzhou.
“There are more flower sellers than buyers in the market and the prices are really competitive,” Zhang said.
Source: Hangzhou International Center