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Measures aim to stabilize prices

By Wu Jiao | 皇冠体育app Daily | Updated: 2008-01-10 07:10

The government will introduce a range of temporary price-intervention measures in a bid to stabilize the cost of daily necessities, a State Council executive meeting said yesterday.

According to the meeting, large-scale producers of such products must seek government approval before imposing any price increases.

Similarly, large-scale wholesalers and retailers that want to raise prices will first have to notify the government.

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