There is a commodity creating ravenous demand among China’s burgeoning consumer class, one whose pricing is so important that it influences the Chinese central bank’s monetary policy.
The commerce ministry even maintains strategic reserves and has been piling them higher in recent weeks in an attempt to stabilize prices.
In China, pork is clearly a big deal.
The country is the world’s largest producer and consumer of pork, accounting for about half of the 109 million tons of pork that will be produced and eaten globally this year, according to the United States Department of Agriculture.
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Neil Gough, New York Times via CHINA US Focus http://ift.tt/1iAKKB6
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