Caixin
Sep 30, 2019 06:55 PM
ECONOMY

Caixin Explains: The Secret Stashes of China’s Favorite Meat

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Customers browse the pork selection on Sept. 17 at a supermarket in Hangzhou, East China's Zhejiang province. Photo: VCG
Customers browse the pork selection on Sept. 17 at a supermarket in Hangzhou, East China's Zhejiang province. Photo: VCG

For many Chinese people, nothing completes a festive dinner quite like a juicy cut of pork. But as the country gears up to celebrate the weeklong National Day holiday — and with it the 70th anniversary of the People’s Republic — pigging out has become costly.

In August, pork prices surged at their fastest pace in more than eight years, increasing 46.7% year-on-year and contributing 1.08 percentage points to growth in the consumer price index.

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