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In the News

Chinese government rations pork and sets maximum prices

Graham Watson

12th November 2019

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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.

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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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