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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: GST who wrote (88070)	10/27/2007 11:57:27 PM
From: elmatador	Read Replies (1) \| Respond to of 110194

The young urbanize=less farm production. Cost of food goes up. Less incentive to urbanize while the ones left behind make more money. Chinese government is in denial. But their food prices icnrease is structural, not cyclical. The government and some economists blamed the jump almost entirely on sharply higher prices for meat and poultry, which surged 49% since mid-2006. Beijing maintains that the rise in food costs, which make up more than one-third of China's consumer price index, was largely the result of more expensive livestock feed and a one-off event: an outbreak of a porcine disease that killed 70,000 pigs and prompted the mid-September release of 30,000 tons of pork (about a quarter of the amount of pork China consumes in a day) from a national reserve to help stabilize prices. Message 23964017 To cut costs of food need to import. In the end they'd be working hard to pay for more expensive imported food.