Bloomberg reported on the 3rd that consumption of pork, a popular holiday food, plunged ahead of the Lunar New Year, China’s biggest holiday, indicating China’s serious economic difficulties. Traders we met with a week before the Lunar New Year holiday (February 10-17) said sales had plunged. Huai Zhen, a trader at Beijing’s Xinmin Market, told … Continue reading Pork Consumption Plunges Ahead of Lunar New Year, Reflecting China’s Economic Woes