Friday, August 17, 2012

Lower Grain Output Could Fuel China Inflation: Analyst



Published on Aug 17, 2012 by
China sharply increased its import of key grains, like corn, soybean and wheat the first half of this year. Total grain import at the end of June rose by 41.2% year-on-year. That's despite local authorities claiming domestic output has increased by 2.8%—a record since 1997.

Assistant Professor Frank Tian Xie says official figures are questionable.
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