Year Of The Pig Takes A Positive Turn – Richard McGregor

From Financial Times:

The stench filling the air outside the Good Breeding pig farm in an otherwise bucolic mid-autumn day on Beijing’s rural outskirts is the best news Li Yongqiang has had for nearly a year.

After cutting production in 2006 because of rising feed costs and low pork prices, Mr Li late last year lost another one-sixth of his pigs in an outbreak of the deadly “blue ear” disease . Mr Li’s problems were replicated on tens of thousands of small farms throughout China, causing a national shortage of pork and other staple foods and pushing inflation to an 11-year high of 6.5 per cent in August. [Full Text]

October 18, 2007 9:25 AM
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Categories: Economy, Sci-Tech