China tapping national pork reserves will not satisfy shortage of the culturally symbolic meat, analysts warn
- Use of national reserves shows how deeply crisis has shaken China, where pork is crucial part of the diet and symbol of well-being
- The nation is in the grip of an African swine fever epidemic that could wipe out half its pig population by the end of the year, analysts warn
China has begun to tap its national pork reserves, a sign of Beijing’s urgency to curb widespread discontent over the sharp spike in pork prices, but analysts warn that stocks are nowhere near big enough to keep the popular meat on dinner tables across the country.
China is in the grip of an African swine fever epidemic that could wipe out half its pig population by the end of the year, with officials also scrambling to ratchet up pork imports to help fill the gap.
“Securing the supply [of pork] affects people’s livelihoods and overall situation,” vice-premier Hu Chunhua said last week, adding that Beijing would use all means at its disposal to keep the supply flowing.
The central government announced at the end of August that it would start to release frozen pork reserves into the market, but local governments started acting earlier. The Hainan provincial government has been injecting frozen pork into the market since August 28 and plans to release 1,520kg before September 12. Cities in the Guangxi autonomous region and Fujian province are also believed to have started to eat into their pork reserves.