Pursuits
Tale of Two Pigs Is One Way to Divine China’s Economic Future
- Shift to consumer-focused economy is boosting demand for meat
- Slower manufacturing means less need for steel and pig iron
Piglets stand in a trailer prior to transport to a nearby weaning-to-market barn in Illinois, U.S.
Photographer: Daniel Acker/BloombergThis article is for subscribers only.
China wants an economy driven by consumption and not investment. That means putting more spare ribs on the table and forging fewer girders for skyscrapers.
As incomes rise, people are spending more on consumer products from luxury handbags to baby food. Already the meat of choice in many households, pork demand is growing.