Sunday, February 10, 2008

China turns to economic controls (AP)



A vendor arranges pork at her stall in a market in Beijing November 13, 2007. Beset by inflation galloping at a decade high of more than 6 percent, the government has steadily widened price controls, finally freezing all food prices last month as well as clamping limits on fertilizer prices and raising price supports for rice and wheat. (AP Photo/Greg Baker)AP - Fighting stubbornly high inflation, China's leaders dusted off a blunt tool from its pre-market reform era and commanded utility companies to freeze electricity prices.




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