RealNews

China Warns of Winter Shortages

The bitter winter weather sweeping much of China has dealt a “catastrophic” blow to farm crops, a top official has warned, raising the possibility of food shortages driving up already-high inflation. Chen Xiwen, deputy director of the Communist Party’s top financial team, said while the magnitude of the losses was unclear, regions hit by the worst winter storms in 50 years produce the bulk of the country’s seasonal fruit and vegetable supplies. Full Story

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