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by canadianhelper on February 6th, 2007
"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?"
However:
World tea production in 2003 was 3.25 million tonnes of which China produced 24.6%.
China therefore produced approx 800 000 tonnes of tea in 2003. Prices were about $1.50 US per kg or $1500 per tonne. 1500 * 800 000 = 1.2 Billion USD.
This doesn't account for family farms, tea in storage from previous years and tea imports.
http://www.fao.org/newsroom/en/news/2004/51815/index.html
;)
by Firebrand on February 6th, 2007
Not as much as my love of life and happiness.
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Comments
Cool! 4 days AFTER answering this I am reading WIRED Magazine for Feb 2007. Page 108 has this Q&A.
Q How much is all the tea in China actually worth?
A If you wouldn't do something for all the tea in China, are you cheating yourself? China produces 855,190 metric tons of tea leaf annually. At commodity prices of $1.86 per kilogram, you're missing out on at least $1,590,653,400. Feh. next time, tell 'em you don't get out of bed for less than all the coffee in Brazil - $6,645,461,089.
by canadianhelper on February 10th, 2007