China Further Liberalizes Pricing RightsAn official from the State Development Planning Commission (SDPC) Wednesday said that the Chinese government has reduced the number of the commodity and service items priced by the State to 13 from 141 in 1992.Wang Yang, Vice-Minister of SDPC, told a press conference held here that after this round of liberalization, the prices of over 90 percent of social retail products, agricultural products and capital goods are regulated by market. The SDPC promulgated the "Central Pricing Category" on July 4, 2001, with approval of the State Council. |
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