Financial Times FT.com

Beijing imposes price freeze

By Richard McGregor in Beijing

Published: September 19 2007 06:10 | Last updated: September 19 2007 18:21

China is to enforce a freeze on all government-controlled prices in a sign of Beijing’s alarm about rising popular anger over inflation, now at its highest rate in more than a decade.

The order freezes a vast array of prices still under the control of government in China, ranging from oil, electricity and water to the cost of parking and park entrance fees.

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