CHINA-ECONOMY: RISE IN COST OF LIVING
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Official Chinese date quoted on June 5, by the business news journal Caixin revealed that average wholesale prices of several fruits climbed as much as 42% as of June 3 compared with the start of the year most likely because of cold snaps in several fruit-producing regions. Meanwhile, Chinese researchers said 'Fall armyworm', a type of moth caterpillar originally from the U.S., as of June 5 had invaded 18 provincial-level regions and poses a potentially "catastrophic" threat to corn production.
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