Archive for the ‘public concern’ Category

Fighting Inflation, China Freezes Energy Prices

January 9, 2008
January 9, 2008
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BEIJING — Prime Minister Wen Jiabao responded Wednesday to growing public anxiety about inflation by announcing that China would freeze energy prices in the near term, even as international crude oil futures have continued to surge.The new effort to fight rising prices comes with inflation hitting an 11-year high in China. A recent nationwide public opinion survey found that “rising prices of consumer goods” ranked as the top public concern, followed by income inequality and corruption.

The latest freezes, announced on the government’s main Web site, came after Mr. Wen presided over a Wednesday meeting of the State Council to revise policies on price controls.

Read the rest:
http://www.nytimes.com/2008/01/09/business/worldbusiness/09cnd-yuan.html

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