@nytimes reporter covering China and Asia, but mostly China. Got a tip? alexandra.stevenson@nytimes.com GPG
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Food prices in China are rising, adding another headache for Beijing at a sensitive time with a slowing economy and trade war. Rising prices played a role in huge public protests in Tiananmen Square 30 years ago. w/ @KeithBradsherhttps://nyti.ms/2IbpR40
At a wholesale market @elsiechenyi & I found most vendors napping on lawn chairs. Many said they had never seen prices jump so quickly. How's biz, we asked? "Look at the people here,"said one, waving around a knife she was using to cut an apple she couldn't sell. There was no onepic.twitter.com/oLkZ45VIAe
Even a normally sanguine Li Keqiang, China’s premier, looked surprised when he visited a fruit vendor in the eastern province of Shandong. “It has gone up so high?” Mr. Li said after the vendor told him that the price of his apples had more than doubled since last year.pic.twitter.com/sgtC6S9xzN
Fruit sellers had all kinds of reasons for surging prices. Some blamed frost last year, others traders hoarding supply. This lady selling watermelons out a truck blamed fewer migrant workers as farm hands. Last yr she could sell two truckloads a day. Now she barely manages onepic.twitter.com/yrkafA9PmD
Economists say there is little concern that rising prices will spill over into other parts of the economy. But it could become a problem if the perception of rising costs impacts how Chinese people feel. “People and economists talk like ships in the night,” said @georgemagnus1
Online ppl blame inflation. An online survey asked ppl to pick an explanation for the surge in prices. Inflation was not a choice but dozens of comments tried to make it. "These four options are insulting peoples' IQ," wrote on person. Another: "What's the meaning of fake stats?"
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