Produce traders peddle their products at Xinfadi, Asia’s biggest wholesale market. With 50 million farmers selling to 5 million traders, China’s horticultural marketing system is the freest and most unregulated market in the world, says a Stanford University economics professor. But the Chinese laissez-faire system has many drawbacks. For consumers, traceability and accountability are among the most serious. Tracking of data on China’s horticultural production and marketing is completely neglected by the Chinese government, said Dr. Scott Rozelle, who is both an agricultural economics professor at Stanford University, California, and an adjunct professor at the University of California, Davis. Rozelle […]
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