HariPrasad-1
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When India is creating new records in agriculture production, china and many other countries are facing food crisis. Interest development. Our development is all round. We are producing more fruits, more vegetable and more food grains and spices. Other countries are facing food problem. Your basics should be right first of all.Chinese youth voice their anger at govt as inflation, inequality soars: Report
According to E-House Real Estate Research Institute, China's housing price-to-income reached a 20-year high of 9.2 last year, which means that the average house price is over nine times the average income per household. This is happening despite repeated assurances from authorities that they would stabilise a price boom that started in 2008.
On the other hand, food prices had risen 1.2 per cent last year, with the cost of fresh meat increasing 7.1 per cent and the price of pork up 49.7 per cent, according to the National Bureau of Statistics (NBS).
Vegetable prices also rose dramatically in January, with green peppers, wax gourd and cabbage increasing by more than 30 per cent, informed the Ministry of Agriculture.
Meanwhile, public anger intensified on social media when central bank vice-governor Chen Yulu said that inflation is likely to see a "moderate growth" this year, wrote Zhou for SCMP.
"Moderate growth? So we are the boiled frogs, and you just keep heating!" said one person on Weibo.
Chinese youth voice their anger at govt as inflation, inequality soars: Report
China was the only major economy to post positive growth last year, following a quick from the COVID-19 pandemic.www.hindustantimes.com