{"id":17181,"date":"2008-02-10T21:09:55","date_gmt":"2008-02-11T04:09:55","guid":{"rendered":"http:\/\/chinadigitaltimes.net\/2008\/02\/china-turns-to-economic-controls\/"},"modified":"2008-02-10T21:09:55","modified_gmt":"2008-02-11T04:09:55","slug":"china-turns-to-economic-controls","status":"publish","type":"post","link":"https:\/\/chinadigitaltimes.net\/2008\/02\/china-turns-to-economic-controls\/","title":{"rendered":"China Turns to Economic Controls"},"content":{"rendered":"<p>An article from <a href=\"http:\/\/www.newsweek.com\/id\/109792\">AP via Newsweek<\/a> discusses China&#8217;s approach to its inflation problem, and also explores the possible consequences of the use of governmental controls in a capitalist economy.<\/p>\n<blockquote><p>Fighting stubbornly high inflation, China&#8217;s leaders dusted off a blunt tool from its pre-market reform era and commanded utility companies to freeze electricity prices.<\/p>\n<p>Households got temporary relief after that September order, but the capitalist-style economy produced unwanted consequences. Coal shortages cropped up as power companies cut back on buying and mines reduced production. Freak snowstorms over the past month caught power plants with dangerously low stocks, resulting in blackouts and factory shutdowns.<\/p>\n<p>While the easy ability to rule by fiat often makes the communist government appear nimbly responsive to crises, economists warn that the approach does not always work in an economy as headily capitalist as China&#8217;s.<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>An article from AP via Newsweek discusses China&#8217;s approach to its inflation problem, and also explores the possible consequences of the use of governmental controls in a capitalist economy. Fighting stubbornly high inflation, China&#8217;s leaders dusted off a blunt tool from its pre-market reform era and commanded utility companies to freeze electricity prices. Households got [&hellip;]<\/p>\n","protected":false},"author":83,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":"","_links_to":"","_links_to_target":""},"categories":[2],"tags":[1094,3549],"class_list":["post-17181","post","type-post","status-publish","format-standard","hentry","category-economy","tag-inflation","tag-overheating","et-doesnt-have-format-content","et_post_format-et-post-format-standard"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.1 (Yoast SEO v24.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>China Turns to Economic Controls<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/chinadigitaltimes.net\/2008\/02\/china-turns-to-economic-controls\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"China Turns to Economic Controls\" \/>\n<meta property=\"og:description\" content=\"An article from AP via Newsweek discusses China&#8217;s approach to its inflation problem, and also explores the possible consequences of the use of governmental controls in a capitalist economy. Fighting stubbornly high inflation, China&#8217;s leaders dusted off a blunt tool from its pre-market reform era and commanded utility companies to freeze electricity prices. Households got [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"http:\/\/chinadigitaltimes.net\/2008\/02\/china-turns-to-economic-controls\/\" \/>\n<meta property=\"og:site_name\" content=\"China Digital Times (CDT)\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ChinaDigitalTimes\" \/>\n<meta property=\"article:published_time\" content=\"2008-02-11T04:09:55+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/chinadigitaltimes.net\/wp-content\/uploads\/2021\/08\/CDT-logo.png\" \/>\n\t<meta property=\"og:image:width\" content=\"186\" \/>\n\t<meta property=\"og:image:height\" content=\"177\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Paulina Hartono\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cdt\" \/>\n<meta name=\"twitter:site\" content=\"@cdt\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Paulina Hartono\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"http:\/\/chinadigitaltimes.net\/2008\/02\/china-turns-to-economic-controls\/#article\",\"isPartOf\":{\"@id\":\"http:\/\/chinadigitaltimes.net\/2008\/02\/china-turns-to-economic-controls\/\"},\"author\":{\"name\":\"Paulina Hartono\",\"@id\":\"https:\/\/chinadigitaltimes.net\/#\/schema\/person\/9ebe10b96a6c7b89ce7f8e6f6209da16\"},\"headline\":\"China Turns to Economic Controls\",\"datePublished\":\"2008-02-11T04:09:55+00:00\",\"dateModified\":\"2008-02-11T04:09:55+00:00\",\"mainEntityOfPage\":{\"@id\":\"http:\/\/chinadigitaltimes.net\/2008\/02\/china-turns-to-economic-controls\/\"},\"wordCount\":142,\"publisher\":{\"@id\":\"https:\/\/chinadigitaltimes.net\/#organization\"},\"keywords\":[\"inflation\",\"overheating\"],\"articleSection\":[\"Economy\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"http:\/\/chinadigitaltimes.net\/2008\/02\/china-turns-to-economic-controls\/\",\"url\":\"http:\/\/chinadigitaltimes.net\/2008\/02\/china-turns-to-economic-controls\/\",\"name\":\"China Turns to Economic Controls\",\"isPartOf\":{\"@id\":\"https:\/\/chinadigitaltimes.net\/#website\"},\"datePublished\":\"2008-02-11T04:09:55+00:00\",\"dateModified\":\"2008-02-11T04:09:55+00:00\",\"breadcrumb\":{\"@id\":\"http:\/\/chinadigitaltimes.net\/2008\/02\/china-turns-to-economic-controls\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"http:\/\/chinadigitaltimes.net\/2008\/02\/china-turns-to-economic-controls\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"http:\/\/chinadigitaltimes.net\/2008\/02\/china-turns-to-economic-controls\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/chinadigitaltimes.net\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"China Turns to Economic Controls\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/chinadigitaltimes.net\/#website\",\"url\":\"https:\/\/chinadigitaltimes.net\/\",\"name\":\"China Digital Times (CDT)\",\"description\":\"Covering China from Cyberspace\",\"publisher\":{\"@id\":\"https:\/\/chinadigitaltimes.net\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/chinadigitaltimes.net\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/chinadigitaltimes.net\/#organization\",\"name\":\"China Digital Times\",\"url\":\"https:\/\/chinadigitaltimes.net\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/chinadigitaltimes.net\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/chinadigitaltimes.net\/wp-content\/uploads\/2021\/08\/CDT-logo.jpg\",\"contentUrl\":\"https:\/\/chinadigitaltimes.net\/wp-content\/uploads\/2021\/08\/CDT-logo.jpg\",\"width\":186,\"height\":177,\"caption\":\"China Digital Times\"},\"image\":{\"@id\":\"https:\/\/chinadigitaltimes.net\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/ChinaDigitalTimes\",\"https:\/\/x.com\/cdt\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/chinadigitaltimes.net\/#\/schema\/person\/9ebe10b96a6c7b89ce7f8e6f6209da16\",\"name\":\"Paulina Hartono\",\"description\":\"Paulina Hartono is a graduate of UC Berkeley.\",\"url\":\"https:\/\/chinadigitaltimes.net\/author\/paulina-hartono\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"China Turns to Economic Controls","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"http:\/\/chinadigitaltimes.net\/2008\/02\/china-turns-to-economic-controls\/","og_locale":"en_US","og_type":"article","og_title":"China Turns to Economic Controls","og_description":"An article from AP via Newsweek discusses China&#8217;s approach to its inflation problem, and also explores the possible consequences of the use of governmental controls in a capitalist economy. Fighting stubbornly high inflation, China&#8217;s leaders dusted off a blunt tool from its pre-market reform era and commanded utility companies to freeze electricity prices. Households got [&hellip;]","og_url":"http:\/\/chinadigitaltimes.net\/2008\/02\/china-turns-to-economic-controls\/","og_site_name":"China Digital Times (CDT)","article_publisher":"https:\/\/www.facebook.com\/ChinaDigitalTimes","article_published_time":"2008-02-11T04:09:55+00:00","og_image":[{"width":186,"height":177,"url":"https:\/\/chinadigitaltimes.net\/wp-content\/uploads\/2021\/08\/CDT-logo.png","type":"image\/png"}],"author":"Paulina Hartono","twitter_card":"summary_large_image","twitter_creator":"@cdt","twitter_site":"@cdt","twitter_misc":{"Written by":"Paulina Hartono","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"http:\/\/chinadigitaltimes.net\/2008\/02\/china-turns-to-economic-controls\/#article","isPartOf":{"@id":"http:\/\/chinadigitaltimes.net\/2008\/02\/china-turns-to-economic-controls\/"},"author":{"name":"Paulina Hartono","@id":"https:\/\/chinadigitaltimes.net\/#\/schema\/person\/9ebe10b96a6c7b89ce7f8e6f6209da16"},"headline":"China Turns to Economic Controls","datePublished":"2008-02-11T04:09:55+00:00","dateModified":"2008-02-11T04:09:55+00:00","mainEntityOfPage":{"@id":"http:\/\/chinadigitaltimes.net\/2008\/02\/china-turns-to-economic-controls\/"},"wordCount":142,"publisher":{"@id":"https:\/\/chinadigitaltimes.net\/#organization"},"keywords":["inflation","overheating"],"articleSection":["Economy"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"http:\/\/chinadigitaltimes.net\/2008\/02\/china-turns-to-economic-controls\/","url":"http:\/\/chinadigitaltimes.net\/2008\/02\/china-turns-to-economic-controls\/","name":"China Turns to Economic Controls","isPartOf":{"@id":"https:\/\/chinadigitaltimes.net\/#website"},"datePublished":"2008-02-11T04:09:55+00:00","dateModified":"2008-02-11T04:09:55+00:00","breadcrumb":{"@id":"http:\/\/chinadigitaltimes.net\/2008\/02\/china-turns-to-economic-controls\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["http:\/\/chinadigitaltimes.net\/2008\/02\/china-turns-to-economic-controls\/"]}]},{"@type":"BreadcrumbList","@id":"http:\/\/chinadigitaltimes.net\/2008\/02\/china-turns-to-economic-controls\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/chinadigitaltimes.net\/"},{"@type":"ListItem","position":2,"name":"China Turns to Economic Controls"}]},{"@type":"WebSite","@id":"https:\/\/chinadigitaltimes.net\/#website","url":"https:\/\/chinadigitaltimes.net\/","name":"China Digital Times (CDT)","description":"Covering China from Cyberspace","publisher":{"@id":"https:\/\/chinadigitaltimes.net\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/chinadigitaltimes.net\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/chinadigitaltimes.net\/#organization","name":"China Digital Times","url":"https:\/\/chinadigitaltimes.net\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/chinadigitaltimes.net\/#\/schema\/logo\/image\/","url":"https:\/\/chinadigitaltimes.net\/wp-content\/uploads\/2021\/08\/CDT-logo.jpg","contentUrl":"https:\/\/chinadigitaltimes.net\/wp-content\/uploads\/2021\/08\/CDT-logo.jpg","width":186,"height":177,"caption":"China Digital Times"},"image":{"@id":"https:\/\/chinadigitaltimes.net\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/ChinaDigitalTimes","https:\/\/x.com\/cdt"]},{"@type":"Person","@id":"https:\/\/chinadigitaltimes.net\/#\/schema\/person\/9ebe10b96a6c7b89ce7f8e6f6209da16","name":"Paulina Hartono","description":"Paulina Hartono is a graduate of UC Berkeley.","url":"https:\/\/chinadigitaltimes.net\/author\/paulina-hartono\/"}]}},"_links":{"self":[{"href":"https:\/\/chinadigitaltimes.net\/wp-json\/wp\/v2\/posts\/17181","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/chinadigitaltimes.net\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/chinadigitaltimes.net\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/chinadigitaltimes.net\/wp-json\/wp\/v2\/users\/83"}],"replies":[{"embeddable":true,"href":"https:\/\/chinadigitaltimes.net\/wp-json\/wp\/v2\/comments?post=17181"}],"version-history":[{"count":0,"href":"https:\/\/chinadigitaltimes.net\/wp-json\/wp\/v2\/posts\/17181\/revisions"}],"wp:attachment":[{"href":"https:\/\/chinadigitaltimes.net\/wp-json\/wp\/v2\/media?parent=17181"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/chinadigitaltimes.net\/wp-json\/wp\/v2\/categories?post=17181"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/chinadigitaltimes.net\/wp-json\/wp\/v2\/tags?post=17181"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}