China Farmers Hoard

choi

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Carolyn Cui, Chinese Take a Cotton to Hoarding. Wall STreet Journal, Jan 29, 2011.
http://online.wsj.com/article/SB10001424052748704680604576110423777349298.html
(China, the world's largest cotton consumer; Pakistan, the third-largest user; The U.S. is the world's largest exporter of cotton.

My comment: For years I have wondered causes of hyper-inflation in China before 1949, which somehow was tamed soon afterwards, despite the facts that communist leadership had no training in economy and a year later China entered Korean War. (Communists executed millions in the following years, but the number would be a drop in the bucket, relative to the entire population.) One possibility was that peasants in KMT controlled areas hoarded produces--on their own or driven by communists--which were released after communists arrived. If so, the situations (namely causes of inflation) in China are again similar to those before 1949.   


------------------------------Separately
(1) 北京外来民工状况亟待改善 (组图). VOA Chinese, Feb 1, 2011.
http://www.voanews.com/chinese/news/20110201-China-s-Migrant-Workers-115006324.html

(2)
(a) 中国春运期间旅客感到一票难求. VOA Chinese, Jan 23, 2011.
http://www.voanews.com/chinese/news/20110123-CHINA-RUSH-TICKETS-114445074.html

(b) 中国拉开年度春运序幕 (组图). VOA Chinese, Jan 19, 2011.
http://www.voanews.com/chinese/news/20110119-China-s-Massive-Annual-Spring-Rush-Begins-114203644.html
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