(Bloomberg) -- The soaring pork prices that pushed
China's inflation rate to the highest in more than two years
aren't all bad news: Farmers' incomes are getting a boost and that
may increase consumer spending and lower dependence on exports.
Meat prices surged 26.5 percent in May from a year earlier
because of a pig shortage linked to increased grain prices.
Premier Wen Jiabao has pledged incentives to farmers to boost the
supply of pork, a staple food for the nation of 1.3 billion people,
in the Year of the Pig.
Read more at Bloomberg Emerging Markets News
China's inflation rate to the highest in more than two years
aren't all bad news: Farmers' incomes are getting a boost and that
may increase consumer spending and lower dependence on exports.
Meat prices surged 26.5 percent in May from a year earlier
because of a pig shortage linked to increased grain prices.
Premier Wen Jiabao has pledged incentives to farmers to boost the
supply of pork, a staple food for the nation of 1.3 billion people,
in the Year of the Pig.
Read more at Bloomberg Emerging Markets News
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