{"id":14371,"date":"2007-08-26T20:41:31","date_gmt":"2007-08-27T03:41:31","guid":{"rendered":"http:\/\/chinadigitaltimes.net\/2007\/08\/26\/zero-profit-pork-alliance-running-out-of-moral-steam-the-beijing-news\/"},"modified":"2007-08-26T20:41:31","modified_gmt":"2007-08-27T03:41:31","slug":"zero-profit-pork-alliance-running-out-of-moral-steam-the-beijing-news","status":"publish","type":"post","link":"https:\/\/chinadigitaltimes.net\/2007\/08\/zero-profit-pork-alliance-running-out-of-moral-steam-the-beijing-news\/","title":{"rendered":"Zero-profit Pork Alliance Running Out of Moral Steam &#8211; The Beijing News"},"content":{"rendered":"<p>\n<a href=\"\/wp-content\/uploads\/mt-old\/_dy_c_2007-08-09_124e1879312ff172176023d9c0b6730f.jpg\" onclick=\"window.open('http:\/\/chinadigitaltimes.net\/_dy_c_2007-08-09_124e1879312ff172176023d9c0b6730f.jpg','popup','width=400,height=267,scrollbars=no,resizable=yes,toolbar=no,directories=no,location=no,menubar=no,status=yes,left=0,top=0');return false\"><img loading=\"lazy\" decoding=\"async\" src=\"\/wp-content\/uploads\/mt-old\/_dy_c_2007-08-09_124e1879312ff172176023d9c0b6730f-tm.jpg\" height=\"100\" width=\"149\" border=\"1\" hspace=\"4\" vspace=\"4\" alt=\" Dy C 2007-08-09 124E1879312Ff172176023D9C0B6730F\" \/><\/a>Here&#8217;s a socialist approach to cooling down the recent pork price surge. But it&#8217;s not quite working before it is bound to collapse. Translated from a compiled report by the Beijing News:\n<\/p>\n<p>\nMore than 150 supermarket stores in western China&#8217;s Chongqing city made a bold move by binding together in a noble cause to reverse, or slow down, the doubling pork prices starting on Aug. 10. But the moralism still couldn&#8217;t resist the loss raking and it now looks to return to commercial soundness.\n<\/p>\n<p><!--more--><\/p>\n<p>\nThe participating stores did surprise consumers with much reduced price tags for their pork products on shelf, running as low as 11.98 yuan\/half kilo (or 1.1 pounds). The market pushed the same category of lean meat as high as 15.9 yuan\/half kilo just days ago. The stores attracted customers with &#8220;zero-profit meat&#8221; posters, which were also costing the stores at least a thousand yuan in loss per store daily, let alone profits.\n<\/p>\n<p>\nMoralism soon caved in, with many of the stores quietly pulling out of the zero-profit pact, restoring prices slightly back, although not to the all-time highs. Store managers expressed the difficulties in remaining in the cause, although none formally announced they were quitting. Chongqing&#8217;s commerce authorities hope that the pact will be restored and said that the prices remain relatively high. [<a href=\"http:\/\/www.flickr.com\/photos\/huachen\/200306665\/\">Full Text in Chinese<\/a>]\n<\/p>\n<p>\n[Image: a Chongqing store launching low-priced pork products via <a href=\"http:\/\/news.sina.com.cn\/c\/2007-08-09\/042112351387s.shtml\">sina.com<\/a>]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Here&#8217;s a socialist approach to cooling down the recent pork price surge. But it&#8217;s not quite working before it is bound to collapse. Translated from a compiled report by the Beijing News: More than 150 supermarket stores in western China&#8217;s Chongqing city made a bold move by binding together in a noble cause to reverse, [&hellip;]<\/p>\n","protected":false},"author":36,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":"","_links_to":"","_links_to_target":""},"categories":[2,5],"tags":[6387,1094,5197],"class_list":["post-14371","post","type-post","status-publish","format-standard","hentry","category-economy","category-society","tag-chongqing","tag-inflation","tag-pork-prices","et-doesnt-have-format-content","et_post_format-et-post-format-standard"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.9 (Yoast SEO v23.9) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Zero-profit Pork Alliance Running Out of Moral Steam - The Beijing News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/chinadigitaltimes.net\/2007\/08\/zero-profit-pork-alliance-running-out-of-moral-steam-the-beijing-news\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Zero-profit Pork Alliance Running Out of Moral Steam - The Beijing News\" \/>\n<meta property=\"og:description\" content=\"Here&#8217;s a socialist approach to cooling down the recent pork price surge. But it&#8217;s not quite working before it is bound to collapse. Translated from a compiled report by the Beijing News: More than 150 supermarket stores in western China&#8217;s Chongqing city made a bold move by binding together in a noble cause to reverse, [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"http:\/\/chinadigitaltimes.net\/2007\/08\/zero-profit-pork-alliance-running-out-of-moral-steam-the-beijing-news\/\" \/>\n<meta property=\"og:site_name\" content=\"China Digital Times (CDT)\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ChinaDigitalTimes\" \/>\n<meta property=\"article:published_time\" content=\"2007-08-27T03:41:31+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/chinadigitaltimes.net\/wp-content\/uploads\/mt-old\/_dy_c_2007-08-09_124e1879312ff172176023d9c0b6730f-tm.jpg\" \/>\n<meta name=\"author\" content=\"Michael Zhao\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cdt\" \/>\n<meta name=\"twitter:site\" content=\"@cdt\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Michael Zhao\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"http:\/\/chinadigitaltimes.net\/2007\/08\/zero-profit-pork-alliance-running-out-of-moral-steam-the-beijing-news\/#article\",\"isPartOf\":{\"@id\":\"http:\/\/chinadigitaltimes.net\/2007\/08\/zero-profit-pork-alliance-running-out-of-moral-steam-the-beijing-news\/\"},\"author\":{\"name\":\"Michael Zhao\",\"@id\":\"https:\/\/chinadigitaltimes.net\/#\/schema\/person\/74a70b794a1771465ab87c2c4741bf18\"},\"headline\":\"Zero-profit Pork Alliance Running Out of Moral Steam &#8211; 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