Chinese State-Owned Companies Grab Farmers’ Business, Leading To a Price Crash and Rotting Produce
Chinese State-Owned Companies Grab Farmers’ Business, Leading To a Price Crash and Rotting Produce
Udumbara
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A video of a Hainan farmer angrily stomping on unsold chili peppers has gone viral. Right after the Chinese New Year, chili prices kept falling, with some varieties dropping to just 0.3 yuan per cattie. But why?
Farmers don’t have the answers—Another year of hard work has gone to waste. Farming is becoming a losing business, and life for Chinese farmers keeps getting tougher.
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