--- SEARCH ---
WEATHER
CHINA
INTERNATIONAL
BUSINESS
CULTURE
GOVERNMENT
SCI-TECH
ENVIRONMENT
LIFE
PEOPLE
TRAVEL
WEEKLY REVIEW
Learning Chinese
Learn to Cook Chinese Dishes
Exchange Rates
Hotel Service


Hot Links
China Development Gateway
Chinese Embassies

Beijing Municipality Further Relaxes Price Controls
The city government of China's capital, Beijing, has further relaxed its grip on the prices, letting market forces decide costs.

The latest batch of goods, which were freed from price controls on November 1, covers more than 30 items, including tea, hotels, road transportation, some postal services and some health services.

Currently, the government only controls the pricing of 5.4 percent of goods sold on the local market, while the market decides prices for the other 94.6 percent.

Still controlled by the government are grain in government reserves, edible oil, sugar, petroleum, fertilizer, cotton, tobacco, salt, and explosives for civil use; some fertilizers and drugs, school textbooks, public utilities, military goods, basic telecommunications services and banking, sanitary facilities, and housing management.

(Xinhua News Agency November 7, 2002)

Officials Monitoring Medicine, Service Costs
Beijing to Inject Big in 60 Major Construction Projects in 2002
China Enforces Strikes on Price Violations
Landmark Hearing Set in Beijing on Rail Ticket Prices
Public to Give Say on Prices
Planning and Price Departments Ordered to Shape up
Print This Page
|
Email This Page
About Us SiteMap Feedback
Copyright © China Internet Information Center. All Rights Reserved
E-mail: webmaster@china.org.cn Tel: 86-10-68326688