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 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
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
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 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
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
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