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Submitted by LIANG Wang on
Hello Louis, I love to read your articles and find them inspiring. Besides what you have talked about the possible factors influencing the food price hiking, a factor of 'circulation cost ' (or Transaction cost ' )of the agricultural produces to the market should not be under estimated. These factor is playing a key role in adding the cost from the filed to the shelves in the supermarkets of these foods and groceries. Based on my experience in business journalism, I think it is necessary for the government to address the concerns about the such transaction cost, such as overly high fee the toll roads. Such actions will make a difference in dampening the price spike in China nowadays.