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China Daily / 2022-07 / 07 / Page013

Curbing pork prices to bring more stability for nation's staple meat

By OUYANG SHIJIA | CHINA DAILY | Updated: 2022-07-07 00:00
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China's continued efforts to curb rising pork prices and crack down on market misconduct and irregularities will help stabilize the market and keep overall prices within a reasonable range this year, according to experts.

They believe China is capable of meeting its annual target of around 3 percent consumer inflation for 2022, which leaves room for more policy stimulus to shore up growth.

Their remarks came after the National Development and Reform Commission, the country's top economic regulator, said on Tuesday that it is considering releasing pork from central reserves and guiding localities to release extra stocks in a timely manner to prevent sharp increases in hog prices.

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