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Friday, July 25, 2008

China’s Role in Food Inflation Exaggerated

The text that accompanies the slides from a July JP Morgan report in its Hands-On China series by Michael Goettti (hat tip reader Michael) notes that it you asked most people how quickly Chinese food consumption was growing, most people would peg it in the 7% to 10% growth range, paralleling GDP growth.

This is what it really looks like:


4 Comments:

  • Sinomania! says:

    Thank you for sharing this. Any chance of posting a copy or link to the whole presentation?

  • A reader says:

    Those charming “Feed to Meat” ratios offer a great insight into the scale of the animal suffering in China. A silent carnage that western animal rights groups probably prefer not to even think about (not that they can do much about it).

  • Anonymous says:

    Now cue the dumb-as-bricks “peak everything” crowd to start frothing at the mouth.

    “Have you heard? we’re at peak —— ! Did you know that everything in modern society is dependent on the abundance of —– ? It IS! Without an abundant supply of —– , World War 4, massive plagues and a return to agrarianism will occur within five years.”

    - by a peak —-er, March 5, 2003

  • microbrew says:

    Even now, China manages to be an exporter of food products. The long term worry is the ever increasing consumption of meat, and what happens when water supplies collapse.

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