Skip to comments.China takes aim at prices of milk, medicine
Posted on 07/06/2013 9:06:42 AM PDT by Olog-hai
China took aim this week at prices of two high-profile necessitiesfirst baby formula, then medicinesas the countrys communist leaders try to contain surging living costs that threaten to inflame political tensions.
A probe into possible price-fixing by foreign milk suppliers prompted at least two companiesNestlé SA and FrieslandCampinato announce a price cut.
On Friday, news reports said a Cabinet agency is looking into the cost of drugs made by 60 foreign and domestic suppliers. There was no indication of wrongdoing, but the probe could be a prelude to a cut in government-set caps on prices.
The action could help the new Communist Party leadership that took power last year show its solidarity with a public frustrated by skyrocketing costs for housing, education and health care that have outpaced income gains.
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Eat shit and die mf'ers. LOL!
No matter how many experiments the Red Chinese carry out in the name of “capitalism”, theirs is still very much a command economy, with quotas, rationing, and artificial price controls. The best judgment of bureaucrats cannot match the wisdom and speed of reaction of which the open and unfettered market is capable.
And that concept, it seems, is one that is held in dread by almost every central government.
That of the Current Regime squatting in the White Hut included.
Or am I wrong here...?