Thursday, September 26, 2019

Kitchen Table Economics: "China to curb food price rises, keep factory prices stable"

Oops, forgot a link on the Chinese Communist Party keeping power in the post immediately below:
SCMP: "China’s Communist Party is looking at the beginning of the end of one-party rule"

Keeping discord to a minimum means keeping food prices and availability from becoming a political issue.
And the CCP are nothing if not practical politicians.

From Reuters:
China will take steps to curb rapid rises in food prices while keeping producer prices basically stable, state television quoted the cabinet as saying on Thursday.

The government will ensure the overall price level to remain in a reasonable range this year, the State Council was quoted as saying after a regular meeting....MORE