Global EditionASIA 中文双语Français
Opinion
Home / Opinion / Opinion Line

20 questions for 2020

By Wang Yiqing, Liu Jianna, Yao Yuxin, Pan Yixuan, Wang Kan and Zhang Zhouxiang | CHINA DAILY | Updated: 2019-12-31 10:55

Q: Will pork prices return to normal?

A: The most important factor affecting the pork prices in 2019 was the outbreak of African swine fever.

Now the outbreak has been controlled, the pork production cycle will start to recover, especially with the government introducing support policies to encourage pig raising and increase pork imports. Pork prices are therefore likely to further fall.

And since pork prices are the main factor behind the rise in the consumer price index, the rising CPI trend can be arrested if pork prices are reduced to a reasonable level.

Should the CPI continue to rise, it would have a negative impact on efforts to stabilize overall economic growth. So to cope with the pressure of the economic downturn, the authorities will take measures to stabilize the CPI.

The government will therefore continue to support the pork production cycle, and as pork producers are expected to increase investment in the sector, the pork supply will increase and prices will fall.

  
Most Viewed in 24 Hours
China Views
Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US