Affluent consumers in China spend 600 to 1,000 US dollar per week on groceries, hoping are safe, tells business analyst Shaun Rein WSJ wealth editor Wei Gu. Foreign brands are perceived to be safer, but if they do no deliver – like KFC did – they are in deep trouble.
China Weekly Hangout
Thousands of dead pigs floated earlier this year in the Huangpu river. The China Weekly Hangout discussed on March 21 food security with sustainability expert Richard Brubaker, Andrew Hupert and Chris Brown on food security and how the ongoing problems will lead to massive food inflation. In the end we (both in China and outside) will have to pay the price for safe food.