The price of basic essentials increased dramatically in China last year. Food prices climbed more than 18%, while the price of pork soared 50%. Families with low incomes, numbered in the hundreds of millions in China, spend between 30% and 50% of their income on food for the table. The Chinese government is stepping in to introduce heavy fines for retailers and producers if they increase the price of basic necessities.
Source: BBC, January 10, 2008
Chinese government website