China introduces food subsidies

[malaise]

http://www.bbc.co.uk/news/business-11772184
<snip>
China's government has said it will provide poorer households with subsidies in response to double-digit food price inflation.

Inflation accelerated to 4.4% in October, with food prices rising 10.1%.

The government also said it had not ruled out price controls if current grain and vegetable shortages worsen.

Meanwhile the Shanghai stock exchange has fallen nearly 10% in four days on fears of more interest rate rises in response to the price rises.

[billlll]

1. Hunger in US just increased - USDA.

We should do what china did and dramatically up Food Stamps to a true Middle Class food level.