News In Brief

Beijing to boost pork production to offset inflation

Kai Ryssdal Jul 13, 2011

This final note on the way out today, an apropos statistical follow up to our China theme this Wednesday — the problems unrestrained growth can present.

The Chinese government announced today the economy slowed just a hair last quarter. All the way down to 9.5 percent. Which gets us to the problem: The inflation that growth like that brings, especially in food prices.

But Beijing’s got a solution: Grow more pigs. The government announced today it’s going to invest almost $400 million in pork production and try to bring down the price of what is basically a staple food there.

There’s a lot happening in the world.  Through it all, Marketplace is here for you. 

You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible. 

Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.  

Need some Econ 101?

Our new Marketplace Crash Course is here to help. Sign-up for free, learn at your own pace.