Retail in Asia

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HSBC tips China’s food prices to stay high

Inflation will peak in China in the second half this year, according to HSBC Global Asset Management, as the country battles rising commodity prices, putting pressure on the food and beverage sectors.

Mandy Chan, investment director for equities at HSBC Global Asset Management, said that despite various attempts by the authorities to intervene in commodity markets and impose price controls, food prices would stay high.

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(Source: scmp.com)