Wholesale pork prices last week fell back 0.8 per cent from the previous week, the fourth straight weekly decline, according to the latest data released by the commerce ministry on Wednesday. Photo: Bloomberg

China’s pork crisis: local banks offer meat to new customers with African swine fever set to continue

  • Smaller Chinese banks, which make less on loans and have fewer market funding options than bigger banks, have turned to gimmicks to bring in financing
  • The outbreak of African swine fever has sent the price of pork skyrocketing, meaning pork has become a much-sought after meat ahead of a busy festive season
Topic |   China economy

TOP PICKS

Wholesale pork prices last week fell back 0.8 per cent from the previous week, the fourth straight weekly decline, according to the latest data released by the commerce ministry on Wednesday. Photo: Bloomberg
READ FULL ARTICLE
He Huifeng

He Huifeng

He Huifeng is an award-winning journalist and has been focusing on mainland news reporting since 2001 for several overseas media. She has gained an in-depth knowledge of political, economic and social issues on the mainland through years of close observation, which has given her a love for journalism in the field.

Orange Wang

Orange Wang

Orange Wang covers the Chinese macroeconomy, and has many years of experience with China's monetary and fiscal policy moves. He also covered global market and financial news for a long time, with a particular focus on new technologies and their influences on economic growth and society. Before joining the South China Morning Post, Orange worked as a Shanghai Correspondent for ET Net, a Hong Kong financial news agency.

Finbarr Bermingham

Finbarr Bermingham

Finbarr Bermingham has been reporting on Asian trade since 2014. Prior to this, he covered global trade and economics in London. He joined the Post in 2018, before which he was Asia Editor at Global Trade Review and Trade Correspondent for the International Business Times.