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Inflated concerns
HOME > PAST ISSUE > REPORTS [Premium content]March 2008
Despite announcing new price controls, Beijing is unlikely to go for heavy-handed enforcement
The wintry weather was bad enough, but the Chinese government had another element – spiralling inflation – to contend with in the run-up to the Chinese New Year. Holiday spending was likely to drive up demand, pushing up already high food prices. The snow storms, meanwhile, caused transportation delays and supply shortages.
On January 16, the National Development and Reform Commission (NDRC) stepped in, announcing that it would introduce direct price controls on major ...
On January 16, the National Development and Reform Commission (NDRC) stepped in, announcing that it would introduce direct price controls on major ...
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