Thursday, August 9, 2007

Chinese Prosperity Will Set Off Global Food Inflation

China has suddenly become markedly less popular in Europe, and particularly in Germany, where China's rapidly growing demand for milk has boosted prices for dairy products; the price of a liter of milk is predicted to rise by 50 percent by the time schools reopen in September. It is all blamed on a now-famous remark by Chinese leader Wen Jiabao: "I have a dream -- a dream to be able to provide all Chinese, especially our children, with half a liter of milk a day."

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