China piranha arbitrage

by on July 26, 2012 at 12:20 pm in Economics | Permalink

The local government of Liuzhou in southern China’s Guangxi Zhuang autonomous region has ended its hunt for rogue piranha fish after offering a reward which attracted thousands of hopeful fishers to local rivers. The quest to capture the troublesome fish — whose presence in the river is unexplained — has become farcical, with online retailers offering to sell and deliver piranhas to the region for 12 yuan (US$1.80) apiece.

The story is here and for the pointer I thank Peter Metrinko.

Andrew' July 26, 2012 at 12:25 pm

Just when you thought piranha were BA enough…rogue piranha!

And the sequel: Rogue Piranha 2: There Was Never Only One.

Scott Swank July 26, 2012 at 2:13 pm

I’m reminded of the bats in Suttree.

IVV July 26, 2012 at 3:09 pm

If the Americas have to deal with snakeheads, then Asia can deal with piranhas.

Jeff R. July 26, 2012 at 9:27 pm

“Tax the rat farms”

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