China Faces Economic Collapse

[Tom Kirkman + 8,860]

1 hour ago, MTMT123 said:

THE EPOCH TIME ??? LOLLLLLLLLLLLLLLLL

The Epoch Times is on my bookmarks of news sites to read.  They have some good investigative journalism.  Clearly, you disagree.  No issue.  Carry on.

[4cryingoutloud + 21]

21 hours ago, ceo_energemsier said:

Here’s a “win-win” trade concession China can make to the US right now

 

 

If there is one thing that China’s leaders like, it’s a “win-win” deal.  As they prepare to go into trade talks with the US early next month, there’s one American product that truly falls into that category.

China’s hog prices have gone up 130% since January this year, according to Zhue, a Chinese industry website that tracks the country’s hog prices based on data collected from hog farmers and vendors. The surge in prices is due to an outbreak of African Swine Fever, a disease lethal to pigs but harmless for humans, that began in August last year. Farms have had to slaughter tens of millions of pigs to prevent the epidemic, leading China’s herd count to shrink by nearly one-third as of July, according to Reuters.

In August alone, the price of China’s most consumed meat went up nearly 50% in price in August. And prices are only predicted to go up further before the end of the year.

Pork is not only a food staple, but also a symbol of prosperity in China—which is currently marking the year of the pig, according to the Chinese zodiac. Already, there have been laments on Chinese social media platforms like Douyin about the increased pork prices, adding to the other economic pressures the ruling Communist Party faces—a steady supply of affordable pork is essential to maintain social stability.

https://qz.com/1710118/heres-a-trade-concession-china-can-easily-make-to-the-us/?utm_source=YPL&yptr=yahoo

Doctor Dolittle !  There you have it folks: real insider information. The world's second largest economy is about to collapse, because of too few pigs. Pigs are the symbol of prosperity. Pigs maintain social stability. Pigs are in the Chinese zodiac. Pig toys, pig costumes, pig delicacies, and pigs are even in fairy tales. Pigs are shown on TV - Pigs in Space!  There's no telling how desperate Chinese citizens may become from lack of pigs. I cannot fathom this line of thinking, as I do not have the mind or intellect of a pig. I feel so hopeless and despondent now. Maybe the author could guide me to a good shrink? 

Edited September 18, 2019 by 4cryingoutloud

[ceo_energemsier + 1,818]

1 hour ago, 4cryingoutloud said:

Doctor Dolittle !  There you have it folks: real insider information. The world's second largest economy is about to collapse, because of too few pigs. Pigs are the symbol of prosperity. Pigs maintain social stability. Pigs are in the Chinese zodiac. Pig toys, pig costumes, pig delicacies, and pigs are even in fairy tales. Pigs are shown on TV - Pigs in Space!  There's no telling how desperate Chinese citizens may become from lack of pigs. I cannot fathom this line of thinking, as I do not have the mind or intellect of a pig. I feel so hopeless and despondent now. Maybe the author could guide me to a good shrink? 

If you read , you might learn something new!!! above and beyond your fairy tales!!! I shall refrain from commenting about your mental capabilities in comparison to that of a pig!

____________________________________________

 

China releases stockpiled pork to cool price surge

 

 

BEIJING (AP) — China's government is releasing pork from stockpiles to help cool surging prices ahead of Oct. 1 celebrations of the Communist Party's 70th anniversary in power.

The price of pork, China's staple meat, has soared almost 50% from a year ago due to a devastating outbreak of African swine fever that killed or prompted authorities to destroy pigs. That has pushed up global pork prices as importers buy foreign supplies.

A government agency that manages the stockpile of frozen pork said Wednesday it will auction off 10,000 tons.

That is equivalent to less than 0.2% of China's 2018 monthly consumption of 4.7 million tons, which suggests the announcement was a signal to consumers and farmers of Beijing's determination to cool prices instead of an attempt to change supply levels.

China produces and consumes two-thirds of the world's pork.

The government keeps reserves of live pigs and frozen pork to guarantee adequate supplies. Details of the frozen pork reserve are secret but industry analysts estimate its size at up to 3 to 5 million metric tons.

 

Industry analysts say the reserve probably is too small to have an impact on supplies in the market. The last release announced by the government was 9,600 tons in January.

This month, authorities also announced an initiative to revive pork production with support to farmers including subsidies to rebuild pig herds and improve facilities.

The Cabinet planning agency, the National Development and Reform Commission, promised Wednesday to take "control measures in a timely manner" to keep food prices steady ahead of the Oct. 1 celebrations.

"We will take the lead in formulating plans and measures to ensure a stable supply of pigs," said an NDRC spokeswoman, Meng Wei.

The price surge is a sour political note for the ruling party, which bases its claim to power in part on improved living standards over three decades of market-style economic reform.

Pork output plunged as authorities destroyed herds and blocked shipments to stop African swine fever, which first was reported in August 2018 in China's northeast.

African swine fever doesn't harm humans but is fatal and spreads quickly among pigs.

August's rise in pork prices pushed food cost inflation to 3.2%, above the ruling party's official target of 3%.

Smaller outbreaks also have been reported in South Korea, Vietnam, Cambodia, Taiwan and Mongolia.

Forecasts of the decline in this year's Chinese pork production range as high as 35%. The U.S. Department of Agriculture says Chinese imports might rise 41%.

The shortages have given a boost to American pork exports despite tariff hikes imposed by Beijing in a fight with Washington over trade and technology.

U.S. pork sales to China rose 150% in June over a year earlier to 72 million pounds (33 million kilograms), according to the USDA.

Chinese imports rose 26% in the first half of 2019 to 819,000 metric tons, according to USDA. The European Union supplied 62%, Canada 16% and American farmers 8%.

http://www.thestandard.com.hk/breaking-news.php?id=134771&sid=3

Edited September 18, 2019 by ceo_energemsier

[Guest]

11 minutes ago, ceo_energemsier said:

If you read , you might learn something new!!! above and beyond your fairy tales!!! I shall refrain from commenting about your mental capabilities in comparison to that of a pig!

HAHAHAH I didn't think you would but fair enough

[4cryingoutloud + 21]

Thanks for links and to you; I am learning more about swine each day by reading the threads on this site. 

[Tom Kirkman + 8,860]

8 minutes ago, 4cryingoutloud said:

Thanks for links and to you; I am learning more about swine each day by reading the threads on this site. 

Ouch. Zinger.

 

[ceo_energemsier + 1,818]

Can we call it a Chinese Chicken!!!

I

[ceo_energemsier + 1,818]

No father should see their child die@@