# New Hope Group
Latest news and articles about New Hope Group
Total: 3 articles found
The Great Swine Slump: China’s Pork Glut Deepens as Consumption Fails to Recover
Pork prices in China have hit multi-year lows due to a combination of oversupply and a post-holiday consumption slump. Major agricultural producers are reporting significant revenue hits as national wholesale prices continue a seven-week slide.
China’s Agribusiness Push: Liu Yonghao Urges Tax Breaks and Subsidies to Speed AI Farming
Ahead of China’s Two Sessions, New Hope chairman Liu Yonghao urged the government to accelerate AI adoption in livestock farming through subsidies, tax incentives and coordinated R&D. He showcased company pilots — from AI-driven cold chains delivering same-day fresh milk to robotic meat processing — and warned that data fragmentation and talent shortages must be addressed for widescale uptake.
Business Leader Urges China to Give Every Citizen ¥500 Voucher to Spur Spending — Claims It Could Unlock Nearly ¥2 Trillion
Liu Yonghao, a CPPCC member and chairman of New Hope Group, has proposed issuing a universal 500-yuan consumption voucher to every resident in China. He argues the measure — costing about ¥700 billion in issuance — could mobilise nearly ¥2 trillion in spending and support millions of service-sector jobs, while correcting a bias in past voucher schemes that favoured large retailers.