price reform

Curbing State-Controlled Prices: Does it Level the Playing Field?

Government-mandated price controls, once a hallmark of China’s socialist economy, may soon be abolished for all but a small number of products and services. On October 12, China’s State Council issued a plan to remove government control of prices of some goods and services in competitive industries by 2017 and create a market-oriented pricing system by 2020.

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