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China Revokes Price Cap on Food Products

12-02 17:47 Caijing Magazine

Full story in Chinese: http://www.caijing.com.cn/2008-12-01/110033204.html

The NDRC, China's top economic planning body, announced the immediate cancellation of all temporary price caps on food products. The price intervention was implemented in January in an effort to counter mounting inflationary pressure.

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