China Freezes Government-set Prices – Richard McGregor

From Financial Times:

China has begun to enforce a freeze on all government-controlled prices in a sign of the central government's alarm about rising popular anger over , now at the highest rate in over a decade.

The order freezes a vast array of prices still under the control of governments in China, ranging from oil, electricity and water, to the cost of parking and park entrance fees.

The implementation order, issued jointly by six ministries, follows the issuance of a more vaguely-worded announcement on the need to prevent price rises late last month by the State Council, or cabinet. [Full Text]

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