China’s consumer price index jumped to 3.8 per cent in October, the highest since January 2012. Photo: Reuters

China’s rising prices, driven by pork crisis, leaving a bad taste in the mouths of Chinese consumers, businesses

  • China’s consumer price index jumped to 3.8 per cent in October, the highest since January 2012, driven by the price of pork doubling from a year earlier
  • Businesses are on the verge of closing, while the make-up of the Chinese dinner table is changing, after African swine fever destroyed the pig population
Topic |   China economy

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China’s consumer price index jumped to 3.8 per cent in October, the highest since January 2012. Photo: Reuters
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Cary Huang
Cary Huang
Opinion

SCMP Columnist

Sino File by Cary Huang

Rising pork prices hide a far bigger problem for China’s economy

  • Rising pork prices have put the spotlight on a rise in consumer inflation
  • The bigger picture is one of waning demand and slowing economic activity

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