China- Interest rate cut.

CHINA.

INTEREST RATE CUT.

China cut interest rates for the fifth time in three months on Monday, in its latest attempt to rev up the economy. The one year lending rate will drop by .27 percentage points to a rate of 5.31% according to the announcement by the Peoples Bank of China on Monday afternoon.

The government has made large investments into the rural sector, especially in the production of pork and poultry. There are now numerous joint ventures in both industries with the large American players. Tyson Foods have been active in the Chinese pork industry for a number of years.

The beef trade is still very young, having said that, one feed-lot 45 kilometers from Beijing houses 23,000 head of cattle, along with a state-of-the-art abattoir than processes 400 cattle per day. While the dairy industry has seen New Zealand investment, which was caught up in the center of the melamine chaos and scandal involving formula milk.

The strong links with South America, began, with insatiable demand of soy from the region, as the Chinese are the worlds masters at utilizing the product, from soy milk to meat replacement today soy bean is the second staple second after rice in China.