China released more pork reserves after prices of the staple meat soared by almost a third, triggering inflation concerns.
Beijing's top economic planner has already dipped into the state reserves three times this month and has ordered suppliers to slaughter more pigs in a bid to rein in costs.
"China will release more pork from government reserves to the market on Friday to maintain supply and price stability," official People's Daily reported. "From September 19-23, the weekly average retail price of lean meat in 36 large and medium-sized cities increased by 30 percent compared with the same period last year," the National Development and Reform Commission said in a statement Tuesday.
China's consumer inflation reached a two-year high of 2.7 percent in July -- largely because of surging pork costs -- before cooling slightly to 2.5 percent in August as Covid-related restrictions dampened overall demand, official data showed.
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