Chinese Beef Prices Plunge as Appetite for Premium Meat Wavers
- Local government urged to provide subsidies and forage
- Beef is a pricey option for China’s cash-strapped diners
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The Chinese beef market is facing a conundrum.
The government has pushed farmers to raise production at home and opened the door to more imports, but a slowing economy has left meat piling up in freezers and dragged local prices to a five-year low.