What Happened: The minced pork named — Beyond Pork — will be sold in five popular restaurants in Shanghai initially, according to Reuters.
China is reportedly increasing focus on food security amid the COVID-19 pandemic that has impacted meat supply from international sources.
Why It Matters: The Asian country is the largest consumer of pork in the world, according to Reuters.
China went through a crisis this year when pork prices spiraled. In September alone, prices of the meat variety rose 25.5%, the South China Morning Post reported.
Impossible Foods, a rival to Beyond Meat, is said to be awaiting approval for its products from Chinese regulators.
Price Action: Beyond Meat shares closed 2.16% higher at $129.90 on Tuesday.
Photo courtesy: Marcho Verch via Flickr