RSSNewsletterSiteMapFeedback

Home · Weather · Forum · Learning Chinese · Jobs · Shopping
Search This Site
China | International | Business | Government | Environment | Olympics/Sports | Travel/Living in China | Culture/Entertainment | Books & Magazines | Health
Home / Business / News Tools: Save | Print | E-mail | Most Read | Comment
Food Price Hike Manipulators to Get Harsh Punishment
Adjust font size:

Chinese local pricing authorities have been told to crack down on food producers and sellers that attempt to raise food prices to an unreasonable level, said sources with the National Development and Reform Commission (NDRC) on Monday.

 

Describing the nationwide campaign as a major political task, the top economic planning agency urged pricing departments at all levels to work hard to stabilize the food market.

 

The move comes in the wake of recent food price hikes that have pushed the consumer price index, the country's inflation rate, above the government's target of 3 percent for four consecutive months.

 

The campaign, mainly targeting food manufacturers, wholesale and retail firms, will overhaul the prices for daily foods like grain, cooking oil, meat, poultry, eggs and milk.

 

NDRC vowed to severely punish those who jack up food prices by revoking their business licenses and bringing them to justice in collaboration with the police and commercial and quality authorities.

 

The State Administration for Industry and Commerce also said on Monday in an urgent circular that local governments must rid the pork market of sellers that plot price hikes by hoarding and fabricating rumors.

 

The administration will also clamp down on venders of diseased and water-injected meat.

 

(Xinhua News Agency August 7, 2007)

 

Tools: Save | Print | E-mail | Most Read

Comment
Username   Password   Anonymous
 
China Archives
Related >>
- Probe Initiated into Food Price Hike
- Food Price Hikes Begin to Grate on Chinese Consumers
- Food Prices Hike in Past Week
- Fast Food Chains to Raise Prices
- Food Price Spike Likely to Push June CPI over 4%
Most Viewed >>
-Commercial banks allowed to access futures market
-WB cuts China's 2008 GDP growth to 9.6%
-Economic policy needs 'rethink'
-Coal reserves at China power plants up
-Macao's gaming market expands further

May 15-17, Shanghai Women's Forum Asia
Dec. 12-13 Beijing China-US Strategic Economic Dialogue
Nov. 27-28 Beijing China-EU Summit

- Output of Major Industrial Products
- Investment by Various Sectors
- Foreign Direct Investment by Country or Region
- National Price Index
- Value of Major Commodity Import
- Money Supply
- Exchange Rate and Foreign Exchange Reserve
- What does the China-Pakistan Free Trade Agreement cover?
- How to Set up a Foreign Capital Enterprise in China?
- How Does the VAT Works in China?
- How Much RMB or Foreign Currency Can Be Physically Carried Out of or Into China?
- What Is the Electrical Fitting in China?
SiteMap | About Us | RSS | Newsletter | Feedback

Copyright © China.org.cn. All Rights Reserved E-mail: webmaster@china.org.cn Tel: 86-10-88828000 京ICP证 040089号