The mysterious cabbage crisis

From April 11-17, the average wholesale price of vegetables in China declined by 9.8% compared with the previous week, resulting in a 16.2% drop over a three week period. In Jinan, capital city of Shandong province, the wholesale price of cabbage recently dropped to a tenth of its price at the end of 2010, causing real hardship for farmers – yet retail cabbage prices are still high and rising. The price disparity has triggered nationwide debate.

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Other Articles on this Issue

• Financial China

  Trust industry - how the credit spigot stays open

  Selected financial charts

• Macro View

  No respite yet

• The Big Call

  Taming the credit boom

• Capital Intensive China

  Property prices rise as Beijing considers tougher regulations

• Consumer China

  Domestic tourism - blue sky prospects

  CITS – biggest beneficiary of the Hainan tax rebate programme

  Lijiang Yulong Tourism – a turnaround year ahead

  Jinjiang Hotel – moderate expansion cedes share to competitors

  Hainan Airlines – boosted by tax-free shopping trial on Hainan island

• The Best of Chinese Commentators

  Income tax reform postponed in response to public opinion

• View issue