In the News

Spare ribs? China to tap pork reserves as swine fever hits industry

19th September 2019

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Here is a niche but really interesting example of government intervention in markets. The Chinese government is releasing stocks from its pork reserve to keep pork prices down. You should be able to draw the demand and supply implications of this, and it's worth reflecting upon whether or not this is an appropriate form of intervention beyond the immediate period.

China to tap pork reserves as swine fever hits industry https://t.co/rBdIskF4RI
— BBC Business (@BBCBusiness) September 19, 2019

China's pork crisis has gotten so bad that some of its cities are starting to tap into their precious strategic reserves of frozen pig meat. https://t.co/ThGhU72A8f
— CNN Philippines (@cnnphilippines) September 13, 2019

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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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Spare ribs? China to tap pork reserves as swine fever hits industry

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Spare ribs? China to tap pork reserves as swine fever hits industry

Graham Watson

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