Ray Jia
Research Head, China World Gold CouncilGold, inflation and pork in China
- Inflation is on the rise in China, reaching 2.8% in August 2019, the highest in 18 months; leading economists expect it to rise further by the end of the year
- African swine flu has wiped out a third of China’s pig livestock since last August, contributing substantially to the rising inflation
- Looking back at history, when inflation rose above 3% the nominal return of the local gold price has averaged 17%