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Diminished by Rising Food Prices

The cartoonist Yuan Jue (圆觉) illustrates the diminishing spending power of Chinese consumers in August 2010, and their feelings of insecurity, as prices for many essential items continue to rise. The Jinghua Times, a commercial spin-off of China’s official People’s Daily, reported in mid-August that the price of fresh ginger in China rose 40 percent, […]

The cartoonist Yuan Jue (圆觉) illustrates the diminishing spending power of Chinese consumers in August 2010, and their feelings of insecurity, as prices for many essential items continue to rise. The Jinghua Times, a commercial spin-off of China’s official People’s Daily, reported in mid-August that the price of fresh ginger in China rose 40 percent, reaching a ten-year high.

David Bandurski

CMP Director

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