In the News

Chinese government rations pork and sets maximum prices

Graham Watson

12th November 2019

There's an ongoing problem in Chinese agriculture - African swine fever has decimated the country.

There are concerns that it could wipe out 20% of Chinese pigs. As a result, the price has risen to the extent that the government has intervened to establish maximum prices and ration pork purchases by consumers.

It's an example of government intervention on a massive scale, with the government also looking to supplement supply by releasing frozen pork from its pork reserves.

Graham Watson

Graham Watson has taught Economics for over twenty years. He contributes to Tutor2U, reads voraciously and is interested in all aspects of Teaching and Learning.

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