food prices

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Bird Flu Death Toll Rises as Virus Dissipates

Four more deaths have brought the total number of fatalities from the H7N9 bird flu to 36. Yet despite these deaths, there is evidence that the virus is not spreading as fast or as widely as many feared. From Al Jazeera: The...

Food Prices Escalate Amid Inflationary Pressures

In the National People’s Congress session, the government set a target of 3.5% inflation for 2013, but leaders have acknowledged that keeping consumer prices in check in a major challenge confronting the incoming Xi...

Coldest Winter in 28 Years Hits China

The cold front that hit southern China a week ago is likely to continue, creating pressure on the country’s transportation systems. Liza Lin at Bloomberg reports: Snow, ice and fog have caused havoc on the nation’s roads...

China Frets Over Coming Pork Shortage

As high costs for animal feed reduce profits and lead to declining pig herds, China is stockpiling frozen pork to control a feared round of soaring food prices next year. From Naveen Thukral at Reuters: Faced with sluggish...

China Richer But Not Happier

At American Public Media’s Marketplace, Kai Ryssdal and Rob Schmitz discuss a recent study from the University of Southern California which suggested that rising incomes in China are failing to bring greater happiness to...

Inflation and Inequality

It is a truth, Zhu Rongji acknowledged, that a country with a Gini coefficient above 0.4 may be at risk of social unrest due to severe income inequality. While China’s official figure has been hidden for over ten years,...

Wal-Mart's China Chief Resigns

A pork scandal forced Wal-mart to shutter more than a dozen Chongqing locations last week, and now its top China executive has stepped down. From Xinhua News: Ed Chan, who served as president and CEO of Wal-Mart’s Chinese...

Chinese Inflation Likely Above 5% in May

The Chinese government has set an inflation target of 4% for the year but it is likely that China’s inflation rate may be above 5% for the month of May. From Market Watch: China’s inflation will likely be above 5% in...

China’s Drought has Global Implications

The Globe and Mail reports that China’s severe drought – the worst in two centuries in some areas, according to Xinhua – is impacting food prices and supply around the world: China is grappling with drought...

China’s Inflation Rises As Food Costs Surge

The dramatic rise in Chinese food prices since January has renewed concerns about inflation in the Chinese economy. Some speculate that the government may once again decide to raise interest rates in response. From the New York...

Should China Worry About Egypt?

Conflicting opinions abound about how relevant the ongoing protests in Egypt are for China. On Project Syndicate, Berkeley economist Barry Eichengreen writes that, from an economic perspective, there are many similarities...

Chinese Leaders Are Alarmed by Drought

The ongoing severe drought in northern China is raising fears for the spring crop and for rising inflation and food prices. From the New York Times: President Hu Jintao and Prime Minister Wen Jiabao separately toured...

Could Egypt’s Revolution Spread to China?

The Peking Duck blog answers for White House press secretary Robert Gibbs, who was asked at a press conference whether Egypt and Tunisia’s revolutionary momentum might reach China: Anything is possible, I suppose, but the...

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