China Makes New Anti-Inflation Move – Joe McDonald

From AP: China’s cabinet on Monday sharply increased penalties for price-fixing, expanding an anti-inflation campaign that has failed to cool a surge in politically sensitive food costs. Food costs soared by 18.2 percent in November, pushing the overall monthly inflation rate to 6.9 percent, its highest level in 11 years. Companies that hoard goods or […]

Price rise in China highest in seven years

From the People’s Daily: “The National Development and Reform Commission said Monday that domestic consumer prices are expected to rise by about 4 percent this year, which would be the highest in seven years since 1997. The commission believes that foodstuff prices spearheaded by grains are the main factors contributing to the hike of domestic […]

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