Found via Infectious Greed.
Rampant food price inflation – of more than 10pc last month – is causing extreme concern and radical action from the Chinese authorities while the world's political and economic attention has been on Ireland, Spain and Portugal.
This appears to be the discouraging investors from piling into the alternative asset class of commodities for all their nervousness about European sovereign debt.
For commodities, which are always more sensitive to demand in China than the rest of the world, have a lot to lose from tightening monetary policy in the world's hottest economy.
Chinese inflation is nothing new, but the food situation is reaching a critical point - one of potential unrest, especially in poorer regions.
This spectre of social disorder has prompted Chinese authorities to start attacking the problem on several fronts.
