Chinese pork imports could reach record levels of as much as 4.6 million tonnes next year, Dutch financial services firm Rabobank said this month. Photo: Reuters
China set to receive first shipment of chilled pork from Argentina in move to offset African swine fever
- African swine fever has forced China to increase its pork imports, which could reach record levels of as much as 4.6 million tonnes next year
- Argentina announced it had clinched a deal in April to access the world’s biggest pork market, with the first shipment containing 26 tonnes of pork cuts
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China economy
Chinese pork imports could reach record levels of as much as 4.6 million tonnes next year, Dutch financial services firm Rabobank said this month. Photo: Reuters
Chinese banks extended US$94.5 billion in new net loans in October. Photo: AP
China’s surging pork prices leave limited leeway for interest rate cut to support growth
- Surging pork prices pushed China’s consumer price index to a nearly eight year high, making the central bank reluctant to act even as the economy slows further
- China is also not giving up its deleveraging programme to reduce debt and risky lending, limiting funding to consumers and small businesses
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China economy
Chinese banks extended US$94.5 billion in new net loans in October. Photo: AP