World food price bubble and China's food security

cg.coverage.countryChinaen_US
cg.coverage.iso3166-alpha2CNen_US
cg.coverage.regionAsiaen_US
cg.coverage.regionEastern Asiaen_US
cg.creator.identifierLiangzhi You: 0000-0001-7930-8814en_US
cg.identifier.projectIFPRI - Environment and Production Technology Divisionen_US
cg.identifier.urlhttps://www.bpastudies.org/index.php/bpastudies/article/view/90en_US
cg.issue1en_US
cg.reviewStatusInternal Reviewen_US
cg.volume4en_US
dc.contributor.authorYou, Liangzhien_US
dc.date.accessioned2024-10-01T13:55:05Zen_US
dc.date.available2024-10-01T13:55:05Zen_US
dc.identifier.urihttps://hdl.handle.net/10568/152660en_US
dc.titleWorld food price bubble and China's food securityen_US
dcterms.abstractThe price of nearly every agricultural commodity sharply increased in 2008, creating a global food price bubble. At their peaks in the second quarter of 2008, world prices of wheat and maize were three times higher than at the beginning of 2003, and the price of rice was five times higher (Figure 1-3). The surge in food prices has become a major political concern because of its role for inflation, its impacts on the whole economy, and because of adverse effects on the wage earning poor and middle class. The price developments can help reduce urban – rural income gaps in the aggregate, but some groups in rural areas lose and others gain. The issue is not only one of too fast increases in prices, but one of risky volatility and of inappropriate policy responses around the world posing threats for free trade and possibly for political stability in some countries. In China, Consumer Price Index (CPI) kept increasing in 2008. CPI increased 8.5% in April 2008, a monthly record in 12 years. The increases from food, vegetable, livestock prices are the main reasons behind the CPI increase.en_US
dcterms.accessRightsOpen Accessen_US
dcterms.bibliographicCitationYou, Liangzhi. 2010. World food price bubble and China's food security. Journal of Washington Institute of China Studies 4(1): 22-31. https://www.bpastudies.org/index.php/bpastudies/article/view/90en_US
dcterms.extent22-31en_US
dcterms.issued2009en_US
dcterms.languageenen_US
dcterms.licenseCC-BY-3.0en_US
dcterms.replaceshttps://ebrary.ifpri.org/digital/collection/p15738coll5/id/341en_US
dcterms.subjectfood securityen_US
dcterms.typeJournal Articleen_US

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