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China announces guidelines to tame price rises
Date:2010/11/18      View:760
 
China's State Council, or the cabinet, announced Wednesday price control guidelines to reassure consumers under inflationary pressures, and urged local authorities to offer temporary subsidies to needy families.

Efforts would be made to ensure market supplies, improve subsidy systems, make price controls more targeted and strengthen market supervision, according to a statement released Wednesday after an executive meeting of the cabinet, presided over by Premier Wen Jiabao.

The statement said to guarantee market supplies, the government would further support agricultural production to maintain steady growth of the agricultural output and put the state reserve of grain, edible oil and sugar on the market when necessary.

The authorities should keep a close eye on winter vegetable production to increase supplies through the winter, take measures to cut delivery costs of agricultural products, increase cotton transportation from Xinjiang Uygur Autonomous Region, continue to reduce prices of power, gas and rail traffic for chemical fertilizer producers, ensure coal supply for power generation companies and increase production of oil, especially diesel oil to guarantee a sufficient supply.

For improvement on the subsidy system, relevant departments and local governments should offer temporary price subsidies for needy population, and increase allowances for needy students and student canteens.
 
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