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Analysis-China's big pig breeders dig in as losses and debts mount

The biggest pig breeders in China, consumer of fully half the world's pork, seem to have bitten off more than they can chew. Big agribusinesses have elbowed their way into the sector and are rapidly modernising it, but have expanded pig herds so aggressively that, with demand now in a downturn, their hog prices are falling, losses are mounting, and debt is rising. More huge losses are expected next year, putting China's pig enterprises under pressure to slim down their breeding herds and sell off farms, many of which are sitting empty. ....

Lyle Jones , Dominique Patton , Fujian Aonong , Edmund Klamann , China Corporate Research At Fitch Ratings , Dalian Commodity Exchange , Wens Foodstuff Group Co , Wh Group , U Genesus Inc , Muyuan Foods Co , Jiangxi Zhengbang Technology , Genesus Inc , Hope Liuhe , Zhengbang Technology , Hua An Securities , Flora Zhu , China Corporate Research , Beijing Newsroom , Work Consumption , Breeding Pigs , Pig Producers ,

China hotel occupancy, room rates return to pre-pandemic levels

The hotel industry in mainland China has seen a steady recovery over the past three quarters, thanks to a post-pandemic boom in leisure travel that fuelled demand for hotels and pushed up room rates, reports the South China Morning Post. The occupancy rate across the country reached 68.4% in the first nine months of 2023, only… ....

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