China's top economic planner Friday called on local governments
at provincial and county levels to formulate their own interim
price control plans, as part of nationwide efforts to curb
inflation.
The latest move came just two days after the National
Development and Reform Commission (NDRC) announced national price
controls on grain, food made of grain, edible oil, meat, milk, eggs
and liquefied petroleum gas.
In a circular to price regulatory departments at all levels, the
NDRC said local governments should make those plans as soon as
possible in accordance with the newly-made rules on interim price
intervention.
That means local authorities would make a list of products and
major producers of those products for close watch to make sure
prices of those products will not rise at excessive paces.
(Xinhua News Agency January 18, 2008)
