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 / Government / Central Government News Tools: Save | Print | E-mail | Most Read
China airs 4 price manipulation cases
Adjust font size:

China's top economic planning agency publicized four price manipulation cases on Saturday and said it had uncovered more than 70 similar instances during 2007 as part of a nationwide price overhaul.

The announcement was in Guangzhou during a national price inspection work conference.

The cases included:

This past February, 104 kindergartens in Cangnan County, in eastern  Zhejiang Province, conspired to raise nursing and lunch fees by more than 30 percent. These kindergartens have been ordered to refund 3.45 million yuan (472,300 U.S. dollars) in fees and pay fines of 105,000 yuan.

The Chengdu cITY Medicine Chamber in southwestern Sichuan Province met four times between July and September to ask 19 member drug stores to sell three medicines at the maximum government retail price.

A bean product producer in Jingzhou City, in central Hubei Province,  conspired with local sales agents to increase the prices of four kinds of bean products by 20 percent last August.

The Shijiazhuang City Car Washing Association in northern Hebei Province in May ordered 189 car washing bays to raise service charges.

"To stabilize prices and regulate the market order, the government will stress price inspection in 2008, especially in the education, medical and real estate sectors," Bi Jingquan, deputy chief of the National Development and Reform Commission (NDRC) said on Saturday.

The consumer price index (CPI), a major gauge of inflation, surged by an 11-year-high of 6.9 percent in November and 4.6 percent in the first 11 months, primarily driven by surging food prices, which have become a key concern for the government and citizens.

(Xinhua News Agency December 30, 2007)


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

Username   Password   Anonymous
China Archives
Related >>
- Pork prices to remain high at year end: MOC
- Prices 'too high': survey
- Market's stability via cost controls
- Price riggers prosecuted
Most Viewed >>
-China works to limit snow-related chaos
-No effort spared, President Hu says
-Chinese Servicemen to Wear New Uniforms
-New commander for PLA Hong Kong Garrison appointed
-Farmers' income growth
Questions and Answers More
Q: What kind of law is there in place to protect pandas?
A: In order to put the protection of giant pandas and other wildlife under the law, the Chinese government put the protection of rare animals and plants into the Constitution.
Useful Info
- Who's Who in China's Leadership
- State Structure
- China's Political System
- China's Legislative System
- China's Judicial System
- Mapping out 11th Five-Year Guidelines
- Chinese Embassies
- International Department, Central Committee of CPC
- State Organs Work Committee of CPC
- United Front Work Department, Central Committee of CPC
SiteMap | About Us | RSS | Newsletter | Feedback

Copyright © All Rights Reserved E-mail: Tel: 86-10-88828000 京ICP证 040089号