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Reuters

China said it will release reserves of commodities “essential for livelihood” in a timely and targeted manner, the state planner said on Friday, after floods hit some regions and amid a resurgence of coronavirus infections in the country.
The National Development and Reform Commission (NDRC) said it will strengthen control and prevention of African swine fever disease in its pig herds after the flooding and would ensure supplies of essential produce from the impact of the floods and the coronavirus.
The NDRC said in a statement it will ensure prices do not rise sharply while assuring market supply of important livelihood commodities.
China will strengthen market supervision and severely crack down on fabricating and spreading price increase information, hoarding and collusion to drive up prices, it said.
Henan floods cause US$348 million damage to China’s livestock industry
Last month’s flooding around China’s central Henan province has swept away the crops and animals of some farmers while others are seeking donations of disinfectants to stop the spread of animal disease.
China has also seen a resurgence of coronavirus outbreaks recently with 124 new cases reported on Friday.
Yangzhou city in eastern Jiangsu province, one of the worst hit by coronavirus outbreaks recently, saw prices of vegetables rise 50 per cent on July 27 with pork, seafood and eggs also seeing sharp increases, an official at the Yangzhou Municipal Development and Reform Commission said on Tuesday.
Supply of vegetables and other major agricultural products, and prices of important agricultural products would soon return to normal levels in Yangzhou, according to Jiang Kaisheng, deputy director at the Yangzhou Municipal Development and Reform Commission.


China also aims to maintain its breeding sow herd at about 43 million head during the period to 2025, the government said on Friday, as it looks to put herd production on a firm footing since numbers were decimated by African swine fever.
Following the onslaught of the disease first detected in China in 2018, output has recovered to levels in normal years, but its foundation needs to be strengthened to ensure secure supplies, the government said in a policy document.
The minimum sow inventory will not be less than 40 million head over the period from 2021 to 2025, the agriculture ministry and other ministries said in a joint statement.
The efforts aim to “enhance achievement of pig herd recovery, prevent major volatility of production capacity and promote healthy and sustainable development of the live hog industry,” they said.
Last month, a government official said China’s pig herd numbered 439 million head at the end of June, up 99.4 per cent from the end-2017 level, while the sow herd of 45.64 million was up 102 per cent from the same period.
China’s flood-stricken Henan shakes off logistics disruptions after delays
China will advise pig farmers to restock sows or get rid of less productive ones when the monthly sow herd changes more than 5 per cent from the previous year, Friday’s document shows.
Beijing has released pork from state reserves to adjust market supplies and prices, in a recent scheme to stabilise hog production.
China has also urged local authorities to register pig farms with more than 500 animals, monitoring output and operation. Provincial governments will be set a target for the sow herd and larger farms, the statement showed.
Provincial administrations can offer spot subsidies to larger farms if the monthly sow herd drops more than a tenth from the previous year or live hog farming racks up losses for longer than three months in a row, it said.


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China economy

China to release commodities ‘essential for livelihood’ after Henan floods, amid rise in coronavirus cases

Last month’s flooding around China’s central Henan province has swept away the crops and animals of some farmers while others are seeking donations of disinfectants to stop the spread of animal disease. Photo: AFP

Last month’s flooding around China’s central Henan province has swept away the crops and animals of some farmers while others are seeking donations of disinfectants to stop the spread of animal disease. Photo: Simon Song

China’s smallest businesses are crumbling as costs soar and help fails to arrive, putting national economy at high risk

A woman tries to sell jewellery in front of a closed shop in Beijing. China’s smallest businesses and the self-employed have been hit especially hard as retail consumption has taken a big hit. Photo: Reuters

China’s micro and small businesses have seen retail consumption plunge, and the situation could worsen in the second half of this year, according to analysts. Photo: Bloomberg

China bucks coronavirus shipping disruptions to record surging port traffic in first half

Cargo and container throughput at China’s major ports grew strongly in the first half of the year. Photo: AP

Cargo and container throughput at China’s major ports grew strongly in the first half of the year. Photo: Bloomberg

US calls for decoupling prove ‘sticky’ as China boosts share of global trade during pandemic

China’s growing share of world trade shows that a US push for decoupling is proving harder than first thought. Photo: Reuters

China’s growing share of world trade shows that a US push for decoupling is proving harder than first thought. Photo: AFP

China supply chains: Hubei takes lead in appointing bank executives to boost financial support for key industries

A tea farmer is seen with his grandchild in Hubei province, which is set to provide additional support for various sectors, including tea production. Photo: Xinhua

A textile worker at a factory in Wuhan, Hubei province, which is spearheading a plan to provide additional support to various sectors, including the textile industry. Photo: Reuters

China out to boost food security with 13-storey ‘hog hotels’ that protect pigs from viruses

Lethal African swine fever, which sickens pigs much like Ebola kills humans, caused a dramatic outbreak in China in 2018, and within a year, roughly half the nation’s herd of more than 400 million pigs had been wiped out. Photo: AFP

Lethal African swine fever, which sickens pigs much like Ebola kills humans, caused a dramatic outbreak in China in 2018, and within a year, roughly half the nation’s herd of more than 400 million pigs had been wiped out. Photo: Reuters

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National Development and Reform Commission (NDRC) says it will strengthen control and prevention of African swine fever after the flooding in Henan province
Its also said that it will ensure supplies of essential produce from the impact of the floods and the coronavirus



China’s top economic planning agency says it will strengthen control and prevention of African swine fever after the flooding in Henan province, while also ensuring supplies of essential produce.


China inflation

China pork crisis

African swine fever

China food safety