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China’s Pork Price, Most Watched Economic Indicator

The pork market in China is larger than all the other world markets combined. This fact offers an indicator into how pork markets and pricing may move. One might ask "With China goes the rest of the world"?

And there are few better ways to gauge that demand than by tracking staple food prices that directly hit discretionary consumer spending — a sector of economic activity that typically generates 40 percent of China’s annual GDP growth.

Economists and investors believe the price of pork in China could soon rival US payrolls as the world’s most watched economic indicator.

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