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The World

China will freeze or impose ceilings on the prices of a wide range of goods to curb inflation, the official New China News Agency reported. It was the first government indication that it will actually roll back price reforms, rather than merely halting them as previously announced. The agency quoted Cheng Zhiping, director of the State Administration of Commodity Prices, as saying that Beijing will establish price ceilings for important “means of production” and freeze the prices of “daily necessities” that had been decontrolled.


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