Date
23 October 2017

China achieves 2013 price regulation goals, govt says

China has achieved the price regulation goals it set for 2013, the National Development and Reform Commission (NDRC) said in a statement on its official website Friday. As part of the country’s pricing reform, more market-driven pricing policies were adopted in key industries including oil refining, natural gas, coal and rail transport, it said. Meanwhile, the government has made substantial progress in price regulation, investigating 34,400 cases of price irregularities and collecting 1.59 billion yuan (US$262.93 million) of fines. The overall consumer price index grew 2.6 percent for the year, far lower than the 3.5 percent goal, the NDRC said.

– Contact HKEJ at [email protected]

MY/AC/CG

 

 

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