date:Mar 11, 2013
above other needs.
POLICY DILEMMA
Pressures on China's meat prices highlight not only the challenge of bringing inflation under control but also in shifting the economy more towards consumer-led growth, Beijing's stated goal after decades of export-led expansion.
Food prices typically rise ahead of the Lunar New Year holiday -- which occurred in February this year. But since the holiday ended, meat prices, especially for beef and lamb, have stayed elevated.
Accelerating food prices mean less