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In a report aired on Sunday, the broadcaster spoke to wolfberry farmers and merchants in a region spanning 14 towns in Jingyuan County, Gansu Province. Sodium metabisulfite is sometimes used in food preservation but is prohibited in the local wolfberry industry, state media reported. The practice had become so common that workers spoke of it as an industry standard, the outlet reported. Since his early days as China's top leader, Xi Jinping has promised to crack down on food safety breaches, saying they're central to how people perceive the government. Allegations of excessive sulfur fumigation in the Chinese traditional-medicine industry have surfaced before, leading retailers to often sell wolfberries and other products as "sulfite-free."
Persons: , wolfberries, That's, Xi Jinping Organizations: Service, Business, CCTV, Food, Committee, Beijing Locations: Jingyuan County, Gansu Province, Golmud, Qinghai Province, West, China, Jingyuan,
Then came the pandemic and a property crisis, and with them, clear evidence of the limits of the debt-fuelled, investment-driven model that had propelled China's economy and businesses like Shores'. "If there is no investment, consumption will be like a tree without roots," said Jia, who previously led a finance ministry think tank. Many uncertainties hang over China's economy: the zero-COVID policy, a crackdown on tech and other industries, geopolitical tensions and rising borrowing costs in export markets. China is widely expected to miss this year's 5.5% GDP growth target and Natixis estimates growth may not even top 3% a year into Xi's next mandate. Oxford Economics expects average annual GDP growth this decade to halve from the 1999-2019 average to 4.5% and slow to 3% in the decade after.
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