An emerging crisis in China could give US the upper hand in trade talks



Fred Imbert | CNBC

China’s worsening African swine flu crisis could give the U.S. an edge over China as the two countries try to hammer out a trade agreement, an analyst at Bank of America Merrill Lynch said Tuesday.

China, which is home to about half of the world’s pig population and the biggest pork consumer, has been ravaged by an outbreak of African swine flu recently, a virus for which there is no cure or vaccine. The outbreak has led to more than a million pigs being culled, according to the Chinese government. The flu is harmless to humans but is deadly and contagious to pigs.

[Read more here.]