With all due respect I don’t think there are that poor people in China anymore. If China would have a shortage of food they’d buy it internationally like they already did.
Yes that was the point I was trying to make. When another poster commented that food supply would not increase, I mentioned that those with assets (China) would outbid those who were poorer.
I meant Internationally, but did not clarify it. I guess (of course) there will be some some difference between rich and poor within China itself, but I doubt that starvation would occur there this Winter (because they still had plenty of assets to buy food Internationally). If total food supply declined so badly that famine would result (I don’t see it, unless it is a political decision), then somewhere else would likely starve first.
Maybe if there are some worst case scenarios continuing to play out, famine might develop in China eventually,but near term, they have enough money for food. Type and amount are already changing in China due to shortages and price increases (like pork), but they are likely a long way from famine.
Belt tightening is still going to be an uncomfortable, even shocking adjustment, for people who have seen nothing but rapid growth and rising living standards for decades - young adults there have never known recession.