Marketplace Logo Donate

Daily business news and economic stories from Marketplace

Beijing to boost pork production to offset inflation

Subscribe to our Newsletters

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.

What's Next

Latest Episodes From Our Shows

Listen
5:35 PM PDT
25:33
Listen
3:59 PM PDT
27:34
Listen
1:37 PM PDT
1:50
Listen
7:29 AM PDT
8:52
Listen
Mar 31, 2023
12:26
Listen
Mar 29, 2023
54:03
Listen
Mar 29, 2023
11:27
Exit mobile version