Students rioting over prices in their school cafeteria, local authorities handing subsidies to poor families, and government measures to bring down prices.
It all points to one thing: high anxiety over rising food prices in China after inflation hit a two-year peak of 4.4 per cent in October.
“Inflation is the enemy of social stability,” says Hu Xingdou, professor of economics at the Beijing Institute of Technology, who expects inflation could reach 10 to 20 per cent next year, a gloomier view than most economists.
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