China Orders Crackdown on Food Hoarding – Bloomberg

From Bloomberg via IHT:

Prime Minister Wen Jiabao has ordered government departments to crack down on hoarding and ease supply bottlenecks to cap surging prices that threaten to fan and create unrest.

Stockpiling of food should be closely watched, and efficient stocking, logistics and distribution must be ensured, Wen said Tuesday during a tour of food markets in Beijing.

His remarks were broadcast on China Central Television and published in state newspapers. Prices of oil, steel and public services including health care and education will also be capped, he said.[Full Text]

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