| How can we afford our lives!!! | |
|---|---|
| Aug 6, 2007 03:14 |   |
 | According to the statistics, the food price has increased 7.% compared with the same period last year. Eggs has increased about 27.9%, the poultry products, 20.7%. The trade price of pork has increased about 70% compared with the same period last year. People' s ordinary lives have been seriously affected. For those low-income family, it is a real hit. The unit price of the eggs in Beijing is above 5 yuan. How can they afford their lives? What makes the price keep skyrocketing? Will the food price keep skyrocketing? Some people say that the increase of the food price shows that the inflation will occur ? Do you aggree? |
| Aug 6, 2007 04:58 | #1 |
| When the Premier Wen Jiabao inspected Beijing agricultural goods market, a farmer asked him directly the same question as yours, Leopold! Will the food price keep skyrocketing?？ When will it be put down? |
| Aug 6, 2007 11:04 | #2 |
| I am afraid it is part of the way modern economies work. The gap between those who have money and those who have little will surely widen further in the years ahead. The government will do what it can, but modern economies have a life of their own. Retail business is booming in China and the buyers are Chinese citizens with money to spend. The spending fuels the next round of price increases and on it goes. The merchant reasons, "If this item is selling for 100 RMB - maybe I should see if it sells at 120 RMB." |
| Aug 6, 2007 11:51 | #3 |
| I know it is little comfort, but the higher prices for basic items (including food), created in a booming market, act as a good stimulus for their production. So long as the increase in production is not frustrated by nature or management failure, the price should be stopped from 'sky-rocketing' by customers being able to find merchants who will sell increasingly available products, at more competitive prices. Because food stuffs have relatively long times involved in changing capacity up and down (it takes time to seed and grow), and food avalability is strategically important, most so-called 'free' economies have some form of 'assisted' market to help regulate production (usually by governments guaranteeing minimum prices for set production targets). I am sure that China has similar mechanisms either already in place or planned that may be used for this purpose. The farmer who asks 'will the food price keep sky-rocketing?' should always be prepared for the answer... not for long! but in a growing economy farmers should be very comfortable if they run their businesses well. |
| Aug 6, 2007 20:56 | #4 |
| If farmers can earn more due to the rising price, I can be relieved. |
| Aug 7, 2007 20:44 | #5 |
| Actually not. The farmer who asked Premier Wen was a pork seller. Due to the high price, she seldom earned money. Few people came to her to buy pork. |
| Aug 12, 2007 22:56 | #6 |
| The Development Research Center of the State Council predicates that the prices will not rise continually in the future. Is that true? Hope it will come true. |
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