Bank Runs, Soaring Food Prices Heighten China’s Economic Woes

Yi Gang, the governor of Chinese central bank People's Bank of China, attends a press conference on the financial reform and development during the second session of the 13th National People's Congress (NPC) at media centre in Beijing on March 10, 2019. Lintao Zhang/Getty Images

News Analysis

Over the past year in China, pork prices have skyrocketed, the economy has continued to slow, and two small banks recently experienced bank runs.