Ban to ease inflation worries

0 CommentsPrint E-mail Shanghai Daily, November 24, 2010
Adjust font size:

China is banning the hoarding of oil, coal and other commodities to ensure supplies and cool prices.

The moves are China's latest effort to counter unease over inflation that jumped to a 25-month high of 4.4 percent in October. Authorities want to reassure a nervous public the government can handle inflation pressures that some worry could spiral out of control.

The National Development and Reform Commission, China's main economic planning agency, forbade provinces from limiting shipments of coal beyond their borders, ordering them to ensure stable supplies. The Ministry of Commerce, meanwhile, ordered local authorities to crack down on hoarding of oil, gasoline and other fuels, on bogus, or shill, bids meant to drive prices higher, and other illegal practices.

The central bank raised interest rates last month and all signs point to more rate hikes in the months ahead, economists say, as China tries to pull excess cash out of the economy at a time when the United States is trying its best to stimulate growth.

Authorities say soaring food prices - which jumped more than 10 percent in October - are mainly to blame for the current bout of inflation, but costs for fuel and other necessities have also jumped, as supplies have run short.

Coal, which fuels about three-quarters of the country's electricity generation, is a special concern, especially in winter when it also is used in heating systems in the north.

Much of the coal is mined in north-central China and then shipped to big cities, utility plants and factories in the eastern coastal regions.

The NDRC said that some areas, which it did not name, were requiring coal traders to obtain special permits before they can ship coal. "Coal production in some places is rather chaotic and supplies from small mines are unstable," it said.

Seeking to counter widespread shortages of diesel, the Commerce Ministry issued orders aimed at improving monitoring of supplies and what it calls "market order."

"Oil is important to the people's livelihood strategies for goods and materials, local commercial departments at all levels should understand the market supply of refined oil security, stability, the importance of oil prices," said a notice on the ministry's website.

Print E-mail Bookmark and Share

Go to Forum >>0 Comments

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter
主站蜘蛛池模板: a资源在线观看| 一本久久综合亚洲鲁鲁五月天| 欧美成人午夜视频在线观看| 免费观看我爱你电影| 老子影院午夜理伦手机| 国产午夜免费福利红片| 亚洲sss综合天堂久久久| 国产高清一级毛片在线不卡| a级片在线免费看| 婷婷色香五月激情综合2020| 中文无码乱人伦中文视频在线V| 日韩午夜电影在线观看| 亚洲va成无码人在线观看天堂| 欧美最猛性xxxx| 亚洲综合精品伊人久久| 精品一区二区三区AV天堂| 又粗又硬又大又爽免费视频播放| 被cao的合不拢腿的皇后| 国产大学生真实视频在线| 久久久午夜精品福利内容| 最新国产午夜精品视频成人| 亚洲午夜久久久影院| 欧美换爱交换乱理伦片不卡片 | 无码精品一区二区三区免费视频| 久久无码人妻精品一区二区三区 | 亚洲国产精品一区二区久久| 欧美精品国产综合久久| 亚洲精品无码久久久久秋霞| 狠狠躁天天躁无码中文字幕| 免费大香伊蕉在人线国产| 精品国产一区二区三区久久影院| 厨房切底征服岳完整版| 老头一天弄了校花4次| 国产a免费观看| 舌头伸进去里面吃小豆豆| 国产一区二区不卡| 色偷偷亚洲第一综合网| 国产99视频精品免视看7| 老师的圣水女主小说网| 四虎在线免费视频| 精品无码一区二区三区爱欲|