China has entered a period of long-term inflation since the RMB4 billion economic stimulus plan was launched back in 2008. Since then, food prices have steadily risen, with prices rising 4.4% in October 2010 on a year earlier. Rising food prices have placed a heavy burden on low-income and rural families. Besides the extreme weather in 2010, additional contributions to rising food prices were increased labour costs and growing demand for meat, dairy, and grain products, combined with market
Apr 2011
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