Thursday, January 24, 2008

Pricing All the Tea in China

In an effort to control inflation, The Chinese government has decided to freeze prices on many food items, and to reduce prices on foods that is considers to be unreasonably priced. (Full article here.) In light of coffee's rising prices, this development in such an enormous producer of tea (and one with such a high trade surplus, due in large part to the peg of the yuan) may have a substantial impact on the world's drinking habits. Hmm...

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