Biofuels are the current promising alternative to fossil fuels. However, the fluctuating food prices caused by oil price led to critics to biofuels. The paper surveyed biofuels production and grain production and cons...Biofuels are the current promising alternative to fossil fuels. However, the fluctuating food prices caused by oil price led to critics to biofuels. The paper surveyed biofuels production and grain production and consumption demand, and come to the conclusion that there was a little impact of corn ethanol on international food price, and there was no impact on China’s food prices. China has launched non-food biofuels development strategy to use marginal lands for growing hard crops, such as sweet sorghum, tuber crops, and switchgrass etc. to produce biofuels without any impact on food security in the future.展开更多
Grain prices often dominate all other product prices,and an increase in their price is usually considered as a prelude to inflation.The three fairly serious inflations,in 1985,1988-1989,and 1993-1995 respectively,were...Grain prices often dominate all other product prices,and an increase in their price is usually considered as a prelude to inflation.The three fairly serious inflations,in 1985,1988-1989,and 1993-1995 respectively,were all preceded by grain price hikes.Furthermore,the money supply surged in the preceding year or during the same year in which these inflations occurred.This year has witnessed the same symptoms. High grain prices,which still have a possibility to go up further,have attracted wide attention across the world,including in China.As early as the end of last year,the State Council issued a circular that mandated the stabilization of grain prices in order to strictly crack down on illegal actions such as dishonest merchants driving up grain prices.One time,five State-level Departments led by National Development and Reform Commission,released an urgent announcement in order to safeguard the stability of grain prices in the domestic market.Wu Xiaoling,Vice Governor of the People's Bank of China,said that the negative influences exerted on other product prices by the rise in global grain price should not be ignored.According to Wu,the People's Bank of China will continue to closely watch the price changes. From a global and comprehensive viewpoint,the article analyzes the features of the recent grain price hike and the reasons for its dramatic rise,as well as,the impact it will have on the global economy.展开更多
文摘Biofuels are the current promising alternative to fossil fuels. However, the fluctuating food prices caused by oil price led to critics to biofuels. The paper surveyed biofuels production and grain production and consumption demand, and come to the conclusion that there was a little impact of corn ethanol on international food price, and there was no impact on China’s food prices. China has launched non-food biofuels development strategy to use marginal lands for growing hard crops, such as sweet sorghum, tuber crops, and switchgrass etc. to produce biofuels without any impact on food security in the future.
文摘Grain prices often dominate all other product prices,and an increase in their price is usually considered as a prelude to inflation.The three fairly serious inflations,in 1985,1988-1989,and 1993-1995 respectively,were all preceded by grain price hikes.Furthermore,the money supply surged in the preceding year or during the same year in which these inflations occurred.This year has witnessed the same symptoms. High grain prices,which still have a possibility to go up further,have attracted wide attention across the world,including in China.As early as the end of last year,the State Council issued a circular that mandated the stabilization of grain prices in order to strictly crack down on illegal actions such as dishonest merchants driving up grain prices.One time,five State-level Departments led by National Development and Reform Commission,released an urgent announcement in order to safeguard the stability of grain prices in the domestic market.Wu Xiaoling,Vice Governor of the People's Bank of China,said that the negative influences exerted on other product prices by the rise in global grain price should not be ignored.According to Wu,the People's Bank of China will continue to closely watch the price changes. From a global and comprehensive viewpoint,the article analyzes the features of the recent grain price hike and the reasons for its dramatic rise,as well as,the impact it will have on the global economy.
