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  • STRESS: China's Xi says nation needs to put an end to soaring food waste

    STRESS: China's Xi says nation needs to put an end to soaring food waste

    China’s President Xi Jinping urged his country to take immediate measures to stop food waste from growing, especially at a time when the nation’s grappling with the coronavirus pandemic.

    H/T: Bloomberg

    “It is necessary to further enhance public awareness of the issue, effectively cultivate thrifty habits and foster a social environment where waste is shameful and thriftiness is applaudable,” Xi said according to Xinhua.

    Supply-side problems have sent the price of pork surging this year and driven up egg prices in the past month, with the price trends becoming a fixture of local media reporting in the process, reports the South China Morning Post.

    Last month, pork prices rose by 85.7 per cent on-year and expanded 10.3 per cent from June, new data from the National Bureau of Statistics showed. The price of pork has more than doubled in the first seven months of the year from the same period in 2019.

    The price of pork, a staple meat in China, has the largest weighting in China’s consumer price index (CPI) and last year it contributed about 30 per cent of the country’s headline inflation rate of 2.9 per cent.

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