Inflation problems in China.

[firefox_fan]

China wants food first, not fuel
By Antoaneta Bezlova

BEIJING - A customary Chinese greeting from the years of rations and shortages - "Have you eaten yet?" - is being jokingly resurrected as the public watches the prices of key staples, particularly pork, soaring by the day.

Chinese economic minders, however, are not amused. Worried about social instability fueled by inflation, they have been mulling over whether to steady prices by using the state strategic reserve of hundreds of thousands of live pigs kept at special farms for contingencies.

Disturbingly, this is the second time in seven months that the Chinese leadership has had to resort to the country's strategic reserves to stave off politically dangerous increases in food prices. In December, Beijing ordered the auctioning of some of the state wheat reserves to halt the rise in crops prices and prevent panic among the public.

More: http://www.atimes.com/atimes/China_Business/IF16Cb02.html

[whistle]

1. Well let's export pork to them we certainly grow enough of it

[firefox_fan]

2. Exactly... We have good pork!

[firefox_fan]

3. I did not know there was such a thing as a "strategic pig reserve"!

Does the US have one?...

[whistle]

4. Yes we do, all the politicians and lobbyists in Washington DC

....and we have a reptilian reserve as well....all the lawyers in the country.

[firefox_fan]

5. Ahahah! Seriously though....

Why don't we export pork and pig feed to China?

[Wiley50]

7. Great Idea! Soon as I can figure out how to Grind Up My Melamine Dinnerware

I'll bag up a bunch of pig feed and send it right over.

or, perhaps, we could ship that nasty ass polluting
Smithfield factory farm in NC or some of those in IA
over too

Kill two pigs with one poker so to speak

[Gregorian]

6. Some of the increase is due to ethanol production from corn.

What an interesting discovery. Both the pigs (poor things) and the inflationary disasters beginning with food price increases.

[Wiley50]

8. All of that factory farm pigshit could be made into methane

Why are we ignoring this great national resource?

[firefox_fan]

9. Food prices have spiked here too though...