Price hike drives inflation worries
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Editor's note
China faces strong inflationary pressure in the coming months after consumer prices hit a nearly two-year high in September, as a slew of goods become more and more expensive.
How to control soaring food and property prices from creating social problems and maintain China's economic boom has become the government's top priority.
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The consumer price index (CPI), the main gauge of inflation, reached 3.6 percent in September year-on-year, and was up 0.6 percent from August. [Full story]
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Food |
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McDonald's may raise prices in China McDonald's Corp, the world's largest restaurant company, may raise prices at its China outlets in the second half of the year, said Tim Fenton, president for Asia, the Middle East and Africa. [Full story] |
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China's veggie prices up 62.4% The prices of 18 staple vegetables rose 62.4 percent in China in the first 10 days of November from a year earlier, said a senior official with the Ministry of Commerce (MOC) in Haikou, capital of south China's Hainan Province. [Full story] |
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Instant noodle maker hikes prices
Tingyi Holdings Monday increased the price of each package of its popular Master Kong instant noodles by 10 percent. [Full story]
• Prices of farm produce see consecutive rise
• Sugar stockpiles released to stem price hikes
• Price swings in agricultural products to be monitored
• Export surge feeds rise in price of garlic
• Veggie shortage fuels price hikes
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Transportation |
China to raise retail prices of gasoline, diesel
China's top economic planner, the National Development and Reform Commission (NDRC), said Monday that it would raise the per-tonne retail price of gasoline by 230 yuan (34.5 U.S. dollars) and diesel by 220 yuan beginning Tuesday. [Full story]
• China's domestic airlines increase fuel surcharges
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Real estate |
Housing prices still high
The average price of new homes remained above 20,000 yuan (US$3,000) per square meter in Shanghai for the fifth consecutive week even though transactions declined. [Full story]
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