Soft lounge music pipes through the speakers as elegantly dressed shoppers peruse organic produce and meats at City'super, one of Shanghai's most upscale markets, a cross between Whole Foods and Louis Vuitton. But one look at the price of an American steak is enough to conjure a mental scratch of a needle across this soothing soundtrack: Nearly $60 for a pound of USDA Prime ribeye.
Topics:
Economy