Home / Business / Business Highlights Tools: Save | Print | E-mail | Most Read | Comment
MOFCOM calls for market stabilization after oil price hike
Adjust font size:

The Ministry of Commerce (MOFCOM) recently ordered local commerce authorities to carefully regulate market operations in order to maintain a stable market after the recent oil price rise, the Shanghai Securities News reported Thursday.

In a statement released on the MOFCOM website, the Ministry ordered local commerce authorities to closely monitor the price changes of key production materials and living necessities such as grain, edible oil, meat and vegetables. It also ordered local commerce authorities to enhance the supervision and inspection of commodity circulation phases such as wholesale markets, wet markets, supermarkets and department stores, and to prevent illegal activities involving bidding up prices, hitch-hike price hikes and disguised price hikes in order to protect market orders.

MOFCOM also demanded the further development of emergency and special plans for the living necessities market and the quick establishment of such plans at both the city and county levels.

The statement also ordered that local governments take the necessary measures to meet the basic consumptive demands of low-income residents, university and college students and ethnic minorities.

For more details, please read the full story in Chinese

(http://paper.cnstock.com/paper_new/html/2008-06/26/content_62014596.htm)

(China.org.cn by Yan Pei, June 26, 2008)

Tools: Save | Print | E-mail | Most Read
Comment
Pet Name
Anonymous
China Archives
Related >>
- Behind the oil price hike
- 2 expedients to deal with oil price hike
- Cooking oil price rise application gets nod
- Business Slows down as Buyers Mull Oil Price Rise
Most Viewed >>
- China's 1st coalbed methane pipeline underway
- Iraqi nod to Chinese oil firms
- Number of China's credit card holders doubles in quarter
- Baosteel to pay almost twice for ore
- State asset law under 2nd review
- Output of Major Industrial Products
- Investment by Various Sectors
- Foreign Direct Investment by Country or Region
- National Price Index
- Value of Major Commodity Import
- Money Supply
- Exchange Rate and Foreign Exchange Reserve
- What does the China-Pakistan Free Trade Agreement cover?
- How to Set up a Foreign Capital Enterprise in China?
- How Does the VAT Works in China?
- How Much RMB or Foreign Currency Can Be Physically Carried Out of or Into China?
- What Is the Electrical Fitting in China?