China's farmers feel deflationary chill
According to the Ministry of Commerce, farm produce prices in 36 major cities nationwide dropped further in the week ending April 27, the tenth straight week of decline.
Thank goodness that'll never happen here! FCC says so, right?
"Tang Fan, vice president of Jiahe Agricultural Stockbreeding Co, said oversupply was one reason for the weak market and price declines, and the government campaign against banquets and gift-giving may also have reduced demand."
ReplyDeleteThere's only one thing to do: a mandatory corn-sourced ethanol content for gasoline - that'll turn things around!
Oversupply! In China? But, but...that's not what I read in National Geographic!
ReplyDeleteIs it possible that markets and prices can't be controlled by a massive centralized government???
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