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China to control building material prices in quake areas: govt
Beijing (AFP) May 23, 2008 China said Friday it will impose temporary price controls on building materials in areas devastated by the massive May 12 earthquake as it steps up reconstruction to shelter the homeless. Prices of goods including steel products, cement, glass as well as tents will be controlled by limiting profit margins or setting guideline prices, the National Development and Reform Commission said. Any price hikes must get prior approval by the government so that "prices of disaster-relief materials are kept stable," the top economic planning agency said in a statement on its website. It also ordered authorities in affected areas to strengthen monitoring of market prices. It said it would "firmly crack down" on any hoarding, price collusion, rumour spreading or violation of the price control policy, adding that hotlines for complaints about prices would be open 24 hours a day. China has since last week imposed temporary price controls on food, water and transport in the areas stricken by the magnitude-8.0 earthquake, which has left more than 80,000 people dead or missing and nearly 5.5 million others homeless. China had made controlling prices a key priority of its economic policy even before last week's earthquake. Historically, China has seen social unrest at times of mounting inflation. Community Email This Article Comment On This Article Share This Article With Planet Earth
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China eyes three years to rebuild quake zone
Dujiangyan, China (AFP) May 23, 2008China said Friday it would take up to three years to rebuild its earthquake zone as the death toll from the nation's worst disaster in a generation surpassed 55,000. |
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