Aug. 3 (Bloomberg) -- The potential impact of natural disasters on China’s grain supply may be a problem for the nation’s economy, the China Daily reported today, citing Zhao Xiaoyu, vice president of the Asian Development Bank.
If the grain supply “does not suffer much,” it won’t cause high inflation and China’s economy won’t have “major problems,” the newspaper cited Zhao as saying.
The nation experienced drought and low temperatures at the start of this year, followed by widespread flooding in the summer, the newspaper reported. The output of grain harvested this summer fell for the first time in seven years, according to the report.
