CEDA highlights advancement of major projects and programs under Vision 2030    Saudi commitment to pragmatic solutions towards a greener future is reemphasized as SGI Forum set to kick off on Tuesday    Vietnam approves $67 billion high-speed railway linking Hanoi and Ho Chi Minh City    Canadian news publishers sue OpenAI over alleged copyright infringement    Driving the future: How public transportation is transforming Saudi Arabia    Syrian government forces clash with insurgents in Aleppo    Poland fortifies eastern border with military project    Three crushed to death in Gaza bakery crowd amid worsening food crisis    Australia bans children under 16 from social media in groundbreaking legislation    Mahrez's strike secures Al-Ahli a narrow win over Al-Wehda    FIFA announces nominees for The Best FIFA Football Awards 2024    Riyadh Metro: An enduring legacy of King Salman's leadership and vision for Riyadh's future    Saudi Arabia's FIFA World Cup 2034 bid achieves highest evaluation score in history    Substitute Al-Othman leads Al-Qadsiah to a crucial victory against Al-Khaleej    Minister Al-Samaani inaugurates technical office to enhance judicial quality in Qassim    Saudi Arabia receives extradited citizen wanted for corruption crimes from Russia    K-Pop group NewJeans split from agency in mistreatment row    Culture minister visits Diriyah Art Futures    Best-selling novelist Barbara Taylor Bradford dies    Adele doesn't know when she'll perform again after tearful Vegas goodbye    Order vs. Morality: Lessons from New York's 1977 Blackout    India puts blockbuster Pakistani film on hold    The Vikings and the Islamic world    Filipino pilgrim's incredible evolution from an enemy of Islam to its staunch advocate    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



China announces series of measures to check inflation
Published in The Saudi Gazette on 22 - 11 - 2010

BEIJING: China has announced a further series of measures to rein in rising commodity prices as it steps up efforts to combat rapidly rising inflation, state media said Sunday.
The State Council, China's Cabinet, ordered local governments to boost agricultural production, stabilize supplies and reduce prices, the official Xinhua news agency reported, citing a seven-page document.
It also instructed local officials to ensure oil, gas, coal, and power supplies were sufficient and provide temporary subsidies, Xinhua said.
Local authorities were also ordered to coordinate social-security programs to provide a gradual rise in basic pensions, unemployment insurance and minimum wages.
The new order comes a day after China said it would will increase grain supplies, open up more land for planting vegetables and crack down on hoarding.
The moves come after consumer prices rose at their fastest pace in two years, fuelled by soaring food costs after severe summer flooding and more recent cold snaps hit crop yields.
The nation's consumer price index rose 4.4 percent year-on-year in October, above the official full-year target of three percent and the fastest rate since September 2008.
The agricultural ministry said Saturday it would increase the area of land available for vegetable crops “to stabilize production and increase vegetable supplies during the winter,” Xinhua said.
Officials would also “seriously work” to prevent hoarding of agricultural products and other “speculative practices”, the State Administration of Industry and Commerce said Saturday.
After one of the country's worst years for natural disasters, the government estimates that more than 80 million people will need food relief this winter, Xinhua said last week.
In the first 10 days of November, average wholesale prices of key vegetables such as potatoes and cucumbers in 36 Chinese cities were 62.4 percent higher than a year earlier, official data showed.
High inflation has a history of sparking unrest in China and the nation's stability-obsessed leaders have already taken a range of steps, including hiking interest rates last month for the first time since 2007.
– Agence France


Clic here to read the story from its source.