China Nudges Pig Farmers to Restrain Supply After Prices Slump
China is seeking to control hog numbers and curb pork production, in a bid to support prices of the country's favorite meat and ease deflationary pressures in the economy.
Authorities have asked farmers to be prudent when it comes to expanding their sow herds, and to halt secondary fattening of livestock, according to people familiar with the matter, who declined to be named as they aren't authorized to speak publicly. The latter practice involves buying standard pigs and fattening them beyond normal slaughter-weights to boost meat output.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Forbes
an hour ago
- Forbes
Fauré Le Page Doesn't Identify As A Luxury Brand—Why That Matters
The Ladies First Bag is the Parisian Chic House's new, all-leather piece. It's rare for a heritage fashion house to dismiss the luxury label outright—especially one with 300 years of history. Yet at the recent Manila launch of Fauré Le Page's Ladies First bag, Augustin de Buffévent, the brand's Artistic & Communications Director, was quick to reject the term. 'We have nothing to do with luxury,' he stated in a matter-of-fact tone. 'We are a Parisian chic house and I am not at ease with the concept of luxury. To me, it doesn't mean anything anymore.' That distinction matters. Across Asia, brands are being forced to rethink what luxury actually means. According to a report, 87% of consumers now favor timelessness over trends while 80–92% rank material quality and craftsmanship above brand prestige when defining luxury. Meanwhile, the industry faces a reckoning with another industry report estimating the loss of some 50 million luxury buyers last year as inflation eats into purchasing power. In that context, Fauré Le Page's position feels less rebellious than it does well-calculated. The Ladies First bag marks a quiet milestone for the house. It's their first all-leather line, made from full-grain Armure Leather inspired by 18th-century cuirasses. The silhouette is structured but feminine, blending heritage with ease. Barrel-shaped clasps and bullet-like zipper pulls are subtle nods to the brand's origin as a purveyor of firearms to French nobility—though de Buffévent is quick to clarify: 'It's not a weapon. It's a weapon of seduction.' There's no rush here. Unlike fast‑fashion cycles or trendier labels vying for virality, Fauré Le Page plays a long game. 'Long-lasting items take time. We don't follow the crazy rhythm of fashion,' says de Buffévent. With rigorous 'torture tests' built into production, each bag is crafted to last—preferably a decade or more. He beams, 'I'm proud when I see someone carrying the same bag after ten years. Even more when my daughters steal bags from my wife.' I'm proud when I see someone carrying the same bag after ten years. Even more when my daughters steal bags from my wife. This slow‑craft approach aligns with evolving consumer behavior. A recent study found that 87% of luxury buyers across China, Japan, and Southeast Asia now prioritize quality, craftsmanship, and long‑term value over mere brand prestige, underscoring the rising demand for meaningful, substance‑driven luxury. The timing couldn't be more relevant. Some of the industry's biggest players have faced criticism over quality despite hiking prices. In May of this year, a TikTok user went viral after claiming that the straps of her Goyard St. Louis PM tote melted during a warm spring day, leaving stains on her shirt and questions about the bag's durability. It wasn't even summer yet. Incidents like this are fueling conversations about whether today's 'luxury' still lives up to the name. Other labels haven't been spared either: Chanel's classic flap bags have drawn complaints over uneven stitching and delicate leather, while Prada's nylon pieces have been criticized for fraying seams and faulty zippers after minimal use—all despite repeated price hikes in the last few years. So, who is the Ladies First bag made for? Forget demographics. 'I hate the term 'fashion victim,'' de Buffévent says. 'Women should create their own style. This bag is the perfect accessory for that.' With its sturdy form, refined detailing, and rich symbolism, it's less about signaling wealth and more about wearing conviction. At the launch of Fauré Le Page's Ladies First bag in Manila. Nikki Huang (Rustan's Commercial Group Merchandising Consultant), Augustin de Buffevént (Fauré Le Page Artistic & Communications Director), Anton Huang (SSI Group President) and Stephanie Chong (Fauré Le Page Philippines General Manager) Rather than chasing the new, Fauré Le Page refines what's already timeless. 'We're not in the fashion business,' he reiterates. 'Quality is at the heart.' And for a growing number of buyers, that's where real luxury now lives. In a market bloated with disposable 'It' bags and seasonal logo drops, Fauré Le Page offers a slower and sturdy alternative: one that values craft over clout, style over spectacle. With Ladies First, they are launching a new silhouette while sending a message. For those who are done with flash and ready for substance, this may be the new standard of luxury.
Skift
4 hours ago
- Skift
Air India Outlines Compensation, Relief Efforts After AI171 Crash
Air India's response following the AI171 crash has been swift and measured as it tries to counter misinformation. Air India Liveblog Ongoing coverage of the crash of Air India flight 171 from Skift's editorial team in India, Europe, and the United States. Ongoing coverage of the crash of Air India flight 171 from Skift's editorial team in India, Europe, and the United States. Get the Latest Updates Skift's coverage of the Air India crash is offered free to all readers. After Air India Flight AI171 crashed minutes after takeoff in Ahmedabad on Thursday, the airline confirmed the tragedy on X about 50 minutes later. Since then, it has posted two video messages from CEO Campbell Wilson, set up help centers and helplines, and provided regular updates as the situation unfolds. The airline's communication on X has been important in countering any misinformation. In the early hours of Friday, Air India confirmed that the total number of passenger and crew fatalities in the crash was 241 out of 242 onboard, with the sole survivor undergoing treatment. Here's what Air India has done so far: Messages From Campbell Wilson, Air India's Optics Since the crash, Air India shared two video messages by CEO Campbell Wilson. In the first video message, posted about six hours after the crash, Wilson confirmed the accident and talked about the status of efforts from Air India. The message came at a time when media channels in India were speculating about the number of casualties in the crash, even as rescue operations were underway. The video message, shot against a grey backdrop with Wilson dressed in a somber black suit, helped the airline set the tone. Air India also changed the colors of its website to black and white. Wilson shared his second video message late Friday evening from Ahmedabad to give more updates on the situation and reiterate the airline's support in the investigations. Wilson's video statement released Thursday shortly after the crash had striking similarities to the response from American Airlines CEO Robert Isom after the January crash of American Flight 5342 near Washington, D.C. Air India did not immediately respond to a request for comment on the similarities. However, during tragic incidents like the Air India crash, airline CEOs tend to follow a similar format in their statements. Airlines also pre-plan emergency responses to a range of scenarios. The International Air Transport Association recommends that airline crisis communications include templates for initial statements for an accident. IATA also recommends that the CEO serve as the primary spokesperson when responding to an incident. 'In principle, the CEO should be the primary spokesperson after an accident if there is loss of life or serious injuries,' IATA's best practices for the aviation industry guidebook reads. 'Their involvement demonstrates that he/she has taken personal responsibility for overseeing the response and understands the impact on those affected.'
Yahoo
4 hours ago
- Yahoo
Amazon, Temu and other e-commerce sides hawk "No Kings" merch
"No Kings" merchandise is cropping up for sale on Amazon, Temu and other online retailers ahead of the planned nationwide protests against the Trump administration scheduled for Saturday. Hundreds of t-shirts, hats, signs and posters are for sale across the internet alluding to the demonstrations. On China-based a seller shipping goods from a U.S.-based warehouse offers a t-shirt reading "No Kings in America" and featuring the statue of liberty and American flag for $5.20. On Amazon, a search for No Kings yielded 1,000 results. Much of the merchandise available on the e-commerce giant's site is printed on demand, meaning not in stock. Sellers print t-shirts or make the goods as soon as they are ordered to avoid sitting on unwanted inventory. A wide variety of posters and yard signs are also available for sale on Esty's website. Walmart, which has distanced itself from an ad promoting No Kings day that was funded by Walmart heiress Christy Walton, offers a more limited amount of merchandise related to the events on its website. It's common for sellers to quickly mock up merchandise tied to current events. For example, retailers were quick to start selling apparel featuring images of President Trump with a bloodied ear after he was shot at a rally last year in an assassination attempt. The No Kings protests are scheduled to coincide with a military parade in Washington, D.C., to celebrate the army's 250th anniversary. "In America, we don't do kings," the No Kings website reads. "They've defied our courts, deported Americans, disappeared people off the streets, attacked our civil rights, and slashed our services. The corruption has gone too. far. [cq] No thrones. No crowns. No kings." Video shows Air India plane crashing in Ahmedabad Air India plane crashes shortly after takeoff, carrying more than 240 people Israel ready to launch operation into Iran, U.S. officials say
