Businesses to confront resources price hikes

From China Daily via China Economic Net:

Chinese businesses will have to cope with continuously rising costs as pricing liberalization is sped up.

Despite concerns, the nation’s top policy-making body, the National Development and Reform Commission, has vowed to push ahead with its liberalization campaign.

“We will allow the scarcity of resources to determine their price,” said Bi Jingquan, the commission’s vice-minister in charge of price reform, at a national forum last week. “That’s the basic principle of the price reforms.” [Full Text]

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