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China freezes prices to stop inflation

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lovuian Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-24-07 05:55 PM
Original message
China freezes prices to stop inflation
http://feeds.bignewsnetwork.com/?sid=285008

he Chinese government has announced it will freeze all prices it controls to contain the country's inflation surge.

Beijing says it will freeze all government-controlled prices for the rest of the year.

Most prices in China are now outside of government control, but Beijing still sets the price for several important commodities - such as water, electricity, coal and fuel.
more...

The Chinese have a bit of a problem
Natives are getting angry
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applegrove Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-24-07 05:56 PM
Response to Original message
1. Good luck with that!
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Deja Q Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-24-07 05:58 PM
Response to Original message
2. President Nixon tried that in the early 1970s; oil companies make TV adverts against doing so today
Edited on Mon Sep-24-07 05:58 PM by HypnoToad
(regarding gas prices)

Didn't exactly work in the US, neither then or now.

:shrug:
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