China meets 2010's price control target

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China meets 2010's price control target: NDRC,[link widoczny dla zalogowanych]
China's top economic planner said Monday that price supervision and control measures have achieved steady progress with 2010's Consumer Price Index, slightly exceeding the target ceiling by 0.3 percentage points to hit 3.3 percent.
To rein in soaring commodities prices,[link widoczny dla zalogowanych], joint efforts have been made to manage inflation expectations,[link widoczny dla zalogowanych], promote production,[link widoczny dla zalogowanych], ensure supplies and strengthen price supervision in 2010, said the National Development and Reform Commission (NDRC) in an online statement.
Prices of necessities accelerating during the second half of 2010 have been contained with vegetable prices down 9.4 percent in December from the previous month last year, it said.Further,[link widoczny dla zalogowanych], prices of edible vegetable,[link widoczny dla zalogowanych], pork,[link widoczny dla zalogowanych], egg, sugar,[link widoczny dla zalogowanych],liquefied petroleum gas and clothing also decreased significantly in December month on month,[link widoczny dla zalogowanych], the statement said.
To cope with rising prices beginning in July 2010,[link widoczny dla zalogowanych], especially prices of basic supplies,[link widoczny dla zalogowanych], the central government promptly introduced joint inter-ministerial meetings to discuss price controls among 17 ministries and ordered local governments to establish the same mechanism, it noted.Local governments have worked on improving agricultural facilities, especially in south China's Hainan province, to increase vegetables supplies for northern cities over the past year,[link widoczny dla zalogowanych], the statement said.
The statement forecasts that vegetable planting areas in 2010's autumn and winter will increase 530,000 hectares year on year,[link widoczny dla zalogowanych], sending output to 337 million tonnes.To ensure production and supply,[link widoczny dla zalogowanych], departments have worked to reduce fertilizer exports and promote links between production areas and purchasing areas,[link widoczny dla zalogowanych], it added.
Further,[link widoczny dla zalogowanych], relevant authorities also took measures to stabilize prices of electricity and coal, and to ensure smooth transportation of agricultural produce.Authorities also granted temporary subsidies and raised basic wages and minimum living subsidies for urban and rural residents to guarantee people's daily life.
Five crewmen, including four Chinese mainlanders,[link widoczny dla zalogowanych], had been rescued after their fishing boat from Taiwan's Keelung capsized Friday night off southern Taiwan's Kenting, local sources said Sunday.The other two crewmen, including the Taiwanese captain and one mainland fisherman, were still missing. The rescue efforts were still under way.The fishing boat was ravaged by strong winds and huge waves Friday night.
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