Thomas Molloy: Our traditional strengths key to future relations
Published 20/02/2012 | 05:00
IT was a nice touch to name a new-born calf after China's leader-in-waiting, Xi Jinping, because it neatly reminded us that his trip is all about trade and food.
The Chinese need food and we have it. More specifically, the Chinese need beef and cow hides and we are one of Europe's great cattle producing nations.
Chinese demand for animal skins to make everything from handbags to shoes is so strong these days that it has pushed gelatine prices to record levels, which has in turn hiked the price of sweets such as Jelly Babies and marshmallows.