NDRC: China removes interim price control measures on food prices Go back »

2008-12-04 | All chapters

NDRC: China removes interim price control measures on food prices

China's top economic planner announced its decision on Monday to scrap its 11-month interim price control measures on grain and some food products starting from this month, now that the country's Consumer Price Index (CPI),the main gauge for inflation, dropped to 4 percent last month.

National Development and Reform Commission (NDRC) has decided to resume the rights of food producers and traders to set the prices of those products independently.

For full text in English please click 

http://news.xinhuanet.com/english/2008-12/01/content_10440154.htm

For full text in Chinese please click