China releases more pork from reserve to cool prices

Animal right activists wearing pig masks stage a memorial rally for those slaughtered due to African swine fever in Seoul, South Korea, Thursday, Sept. 26, 2019. South Korea on Wednesday said it was intensifying efforts to clean farms around the country as it scrambles to contain the spread of the highly contagious African swine fever that has ravaged farms near its border with North Korea. The banner reads " Stop burial of living pigs." (AP Photo/Ahn Young-joon)
Animal right activists wearing pig masks stage a memorial rally for those slaughtered due to African swine fever in Seoul, South Korea, Thursday, Sept. 26, 2019. South Korea on Wednesday said it was intensifying efforts to clean farms around the country as it scrambles to contain the spread of the highly contagious African swine fever that has ravaged farms near its border with North Korea. (AP Photo/Ahn Young-joon)
Animal right activists wearing pig masks stage a memorial rally for those slaughtered due to African swine fever in Seoul, South Korea, Thursday, Sept. 26, 2019. South Korea on Wednesday said it was intensifying efforts to clean farms around the country as it scrambles to contain the spread of the highly contagious African swine fever that has ravaged farms near its border with North Korea. The banner reads " Stop burial of living pigs." (AP Photo/Ahn Young-joon)

BEIJING — China's government is releasing pork from stockpiles for the second time this month to help cool surging prices ahead of next week's celebration of the Communist Party's 70th anniversary in power.

The government said Thursday it will auction off 10,000 tons of pork, the country's staple meat.

The price of pork has soared almost 50% from a year ago due to a devastating outbreak of African swine fever that killed or prompted authorities to destroy vast numbers of pigs.

That is a sour political note for the ruling party, which bases its claim to power in part on improved living standards over three decades of market-style economic reforms.

The disease that is fatal and very contagious for pigs does not harm humans. It has spread to many Asian countries.

People also read these

Asian stocks mixed on stronger China trade,...

Sep 8, 2016

Asian stock markets were mixed Thursday after China reported unexpectedly strong trade and Wall...

China plans 30,000-km high speed rail network by...

Dec 29, 2016

The Chinese government is planning to expand the country's high-speed rail network to 30,000...

China starts 2017 engulfed by smog, issues...

Jan 2, 2017

Beijing and other cities across northern and central China are shrouded in thick smog, prompting...

China says some factories have violated anti-smog...

Jan 3, 2017

China's environmental ministry says an unspecified number of companies have violated measures meant...

Taiwan leader heads to Americas; US stops set to...

Jan 7, 2017

An official with President-elect Donald Trump's transition team says that neither Trump nor...