Posted on 07/06/2013 9:06:42 AM PDT by Olog-hai
China took aim this week at prices of two high-profile necessities—first baby formula, then medicines—as the country’s 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 companies—Nestlé SA and FrieslandCampina—to 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. …
(Excerpt) Read more at hosted.ap.org ...
Eat shit and die mf'ers. LOL!
5.56mm
/johnny
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...?
5.56mm
/johnny
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.