Sun Haoyu, a hog farmer in Dalian, in northern China’s Liaoning Province, first noticed pork prices beginning to tumble late last year. With 3,000 hogs to care for, Mr. Sun said, he had “no choice but to tough it out,” relying entirely on loans and borrowed money to keep his operation afloat. But prices kept plummeting, and last month they hit a 16-year low. Now, across his region, many small farms are on the brink of collapse. “Many hog farmers can no longer hold out,” Mr. Sun said in an…
What Plunging Pork Prices Say About China’s Economy
