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Have the poor fallen into a structural poverty trap?
In a broad sense, poverty alleviation mainly refers to two aspects: the reduction of absolute poverty and the narrowing of inequality. Over the past 30-plus years, China's alleviation of absolute poverty has been very obvious. Nowadays in many places, whether a household in a poor village owns a bicycle, motorcycle, TV set, etc. can no longer serve as a standard for judging whether it is poor.
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Why international grain prices have fallen back to levels last seen 6 years ago
Without notice, international grain prices have returned to the low point seen during the 2008 financial crisis. The prices of wheat, corn, rice and soybeans have all fallen by more than 50% from the highs they rebounded to after the crisis. Although the drop in rice prices was less than 50%, because the rebound high during the crisis was not high enough, the current absolute price level is in fact substantially lower than the lowest level during the crisis.
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Why have corn prices fallen, and how big is the impact on farmers?
After a heavy snowfall, a grain broker came to the home of corn grower Zhao Jincheng to inspect the grain. "Now it has to be graded as third-class; it doesn't make second-class." "If it's third-class, after deducting freight and delivering it to the destination, it can only sell for 0.71 yuan." The corn price fell from 0.90 yuan per jin in 2014 to 0.71 yuan per jin this year. Neighbors and relatives all stored their corn, waiting to see how the price would move. But Zhao Jincheng urgently needed money, so he had to sell even at a low price, because he still had a loan to repay as soon as possible.
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