The New York Times reports that the government will freeze energy prices, while also setting price controls on other key consumer goods, in an effort to curb inflation:
Prime Minister Wen Jiabao responded Wednesday to growing public anxiety about inflation by announcing that China would freeze energy prices in the near term, even as international crude oil futures have continued to surge.
Inflation has hit an 11-year high in China, and a recent nationwide public opinion survey found that “rising prices of consumer goods” ranked as the top public concern, followed by income inequality and corruption. [Full text]
