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usdt:China mulls dipping into pork reserves to rein in costs

usdt:China mulls dipping into pork reserves to rein in costs

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Pork vendors await customers at a market in Hong Kong. - AFP

CHINESE authorities could dip into strategic pork reserves in a bid to rein in prices of the staple meat, Beijing’s top economic planner said Tuesday.

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Pork prices in the world’s second-biggest economy spiked late last month, with the meat selling for 32 percent more than in June 2021 as market supplies dropped, state media Xinhua News Agency reported.


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