Fighting Inflation, China Freezes Energy Prices

BEIJING


The edict also called for stabilizing prices on medical services and for certain agricultural fertilizers. It ordered local governments to monitor prices closely and warned that punishments would be strengthened for those who violate government price-control policies.

Ben Simpfendorfer, an economist with the Royal Bank of Scotland in Hong Kong, said the announcement underscored how seriously the State Council regards public attitudes toward inflation.

NY Times