BEIJING, Dec. 1 (Xinhua) -- China's top economic planner
announced its decision on Monday to scrap its 11-month interim price control
measures on grain and some food products starting from this month, now that the
country's Consumer Price Index (CPI),the main gauge for inflation, dropped to 4
percent last month.
National Development and Reform Commission (NDRC) has
decided to resume the rights of food producers and traders to set the prices of
those products independently.
"They no longer have to apply for government
permission before raising prices," said NDRC in a on-line statement.
At the same time, the commission urged local pricing
departments to maintain close watch on any future potential irregularity
concerning food prices.
NDRC introduced national price controls on grain,
food processed from grain, edible oil, meat, dairy products and eggs on January
15 as a step to tackle inflation.
Related food producers and traders wishing to raise
prices then were required to apply for governmental commission beforehand.
Concerns about inflation have been largely eased in
the second half this year as the the country's CPI have been falling for five
consecutive months since June.
China CPI eases to 4% in
October
BEIJING, Nov. 11 (Xinhua) -- China's consumer inflation
rose at a slower annual rate of 4 percent in October, giving the government more
room to ease macroeconomic controls to stimulate the economy. Full story
China plans 10 major steps to spark
growth as fiscal, monetary policies ease
BEIJING, Nov. 9 (Xinhua) -- China will take 10 major steps
to stimulate domestic consumption and growth as it turns to an "active" fiscal
policy and "moderately easy" monetary policy, an executive meeting of the State
Council said on Sunday. Full story
China's 4 trillion yuan stimulus to
boost economy, domestic demand
BEIJING, Nov. 9 (Xinhua) -- China said on Sunday it will
loosen credit conditions, cut taxes and embark on a massive infrastructure
spending program in a wide-ranging effort to offset adverse global economic
conditions by boosting domestic demand.
This is a shift long advocated by analysts of the Chinese
economy and by some within the government. It comes amid indications that
economic growth, exports and various industries are slowing. Full story
China adopts "active" fiscal,
"moderately easy" monetary policies to boost economy
BEIJING, Nov. 9 (Xinhua) -- China has decided to adopt
active fiscal policy and moderately easy monetary policies to boost fast but
steady economic growth by expanding domestic demand, according to an executive
meeting of the State Council on Sunday.
It is estimated that investment into infrastructure,
social welfare and other key sectors will amount to four trillion yuan by the
end of 2010. Full story
China PPI falls to 6.6 % in
October
BEIJING, Nov. 10 (Xinhua) -- China's producer price index
(PPI), rose at a slower annual rate of 6.6 percent in October, the National
Bureau of Statistics (NBS) announced on Monday.
The rise in factory gate prices was down from 9.1 percent
in September and the 12-year high of 10.1 percent in August. Full story
Chinese local authorities urged to
make interim price control plans
BEIJING, Jan. 18 (Xinhua) -- 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. Full story
