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What IS the price of tea in china?

And more importantly, is there a reliable historical reference that lists pricing of tea in china by year for the last century or so?

What macroeconomic wisdom lurks within this obscure data?

7 Answers

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  • DanE
    Lv 7
    1 decade ago
    Favorite Answer

    "The price of tea in China" is an expression which is used to denote something which is unrelated to the current topic of discussion.

    This expression has stemmed from economists, who describe everything economic as affecting everything else, trying to find an expression which denotes the furthest logical connection from their current economic focus. In this way, the price of tea in China was used to denote the furthest possibility. It can also be used to denote an irrelevant topic.

    It has the most common form "what does that have to do with the price of tea in China?"

    There may be a second explanation.

    In the 19th century the price for tea in England was the highest when the first ship with the newly harvested tea came in. So for the ship owners it was important to be as fast as possible back to England with the load, otherwise the cost of the passage was not to be recovered from the sale of the tea. Thus there were real races (the tea clipper races) where the sail ships managed to travel the whole distance from China to England in about 80 to 90 days.

    The difference in prices from the first load to the later ones was so high that the original price which was paid for the tea in China was quite unimportant. So the "price of tea in China" was something that really didn't matter for the ship owners. They had to have the tea in England as fast as possible.

    Occasionally the essentially synonymous expressions "price of fish in China", or "price of rice in China" are used in its place. Also simply the "price of eggs"

  • Anonymous
    5 years ago

    For the best answers, search on this site https://shorturl.im/M7I2q

    China produces a lot of tea, at a wide variety of prices. Oolong teas can sell for over $1000 a pound. The lowest grades would be lucky to fetch $0.50/lb. This article claims that tea exported from China averages around $1/lb.

  • 7 years ago

    The Price of tea in China is 45 cents but it varys each day

  • 1 decade ago

    Depends upon the quality and brand of tea. From very cheap to expensive, similarly to coffee in Brazil.

    I'd go instead with the McDonald's burger data -- how much is it being sold for, country by country. A good measure of economic stability.

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  • 1 decade ago

    let me first thank u for recently answering a question very impt. to me (verbose), i am really grateful for your insightful answer

    u don't allow e-mail, hence using this way of thanking you

    i am to appear for the interview on 29th,

    the first link examines the history (with england) that u're seeking

    'the price of tea in China' was also used by economists to denote the furthest possibility. semantically it can also be used to denote an irrelevant topic.(wikipedia)

  • Anonymous
    1 decade ago

    ask the people there--What price they have paid--for OUR tea...........

  • Mary
    Lv 4
    5 years ago

    quite expesnsive

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