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Local authorities urged to plan price control
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China's top economic planner Friday called on local governments at provincial and county levels to formulate their own interim price control plans, as part of nationwide efforts to curb inflation.


The latest move came just two days after the National Development and Reform Commission (NDRC) announced national price controls on grain, food made of grain, edible oil, meat, milk, eggs and liquefied petroleum gas.


In a circular to price regulatory departments at all levels, the NDRC said local governments should make those plans as soon as possible in accordance with the newly-made rules on interim price intervention.


That means local authorities would make a list of products and major producers of those products for close watch to make sure prices of those products will not rise at excessive paces.


(Xinhua News Agency January 18, 2008)

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