China's Food Inflation
Middle class appetites and rising affluence are driving up the price of food in China, home to 1.3 billion people. Growers are faced with rising demand for food just as the rural labor supply dwindles. Yet the changes in food and work preferences aren't all bad, as they reflect the human and economic development taking place in China, says Scott Rozelle, food economist and Helen Farnsworth Senior Fellow at FSI.
Middle class appetites and rising affluence are driving up the price of food in China, home to 1.3 billion people. Growers are faced with rising demand for food just as the rural labor supply dwindles. Yet the changes in food and work preferences aren't all bad, as they reflect the human and economic development taking place in China, says Scott Rozelle, food economist and Helen Farnsworth Senior Fellow at FSI.