China’s Pork Prices Soar, Adding to Beijing’s Troubles

Things that keep China’s top leaders up at night: a stalling economy, a bruising trade war and, increasingly, pigs. Specifically, a shortage of pigs, which is fast becoming a national crisis, the International New York Times reported. The price of pork has been rising for months, and it is now nearly 50 percent higher than it was a year ago, data published on Tuesday showed. Consumers are frustrated, and officials are quietly expressing alarm as they fight the outbreak of a disease that is devastating the country’s pig population and causing the shortage. China’s premier, Li Keqiang, and the country’s top governing body have called for “an attitude of urgency” to deal with the issue. Another top official labeled the problem a “national priority” last month. Read more