The rising price of food — which may only get worse with a halt on U.S. agricultural imports — won't have major ramifications for Beijing as it continues its tit-for-tat trade war with Washington, according to experts.
from a year ago. A key contributor was the 27% rise in pork prices amid an outbreak of African swine fever, while fresh fruit prices also climbed 39.1%.
While economists suggest inflation could rise further in the short term, they believe Beijing has a series of options to mitigate the effects before it starts to impact politically. "The plan is to grow more agricultural products that are currently imported from the rest of the world," she added.U.S. total exports of agricultural products to China totaled $9.3 billion in 2018, and China has become increasingly reliant on imports to offset its domestic agricultural limitations.
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