Yes, price controls don’t usually work, so I doubt this will help China’s economy. I have to wonder if China’s runaway economy will falter as Japan’s did. It wasn’t that long ago everyone was concerned Japan was buying out the United States.
........usually don’t work......
In addition to communists, there are an ever increasing number of business people rising in the ranks. Neither group knows what to do for the simple reason they have never been there before.
The control might be considered a brake..... it will only last for 90 days or so.
We’ll watch closely won’t we.