Govts warned against price intervention

时间：2007-07-31 06:41:24

（单词翻译:单击）

July 31 - Local governments have been told not to intervene directly in market prices unless it is "necessary".

 

The National Development and Reform Commission yesterday said on its website that any price intervention1 would need the approval of provincial2 governments or central authorities.

 

Some prices, such as those of resource products, power, education, medical services and pharmaceuticals3, are subject to government controls, but those of most other commodities are set by the market.

 

The NDRC said the role of the market should be respected unless "there is remarkable4 price growth due to emergencies or natural disasters".

 

Last month, the government of Lanzhou in Northwest China's Gansu Province capped the price of beef noodles, the most popular local dish, following public complaints about the price rise.

 

"The government should respect the role of the market, even if it wants to help the poor," said Xia Yeliang, economist5 with the School of Economics at Peking University.

 

"The capping would lead to decreased supply or dented6 quality of products or services, which in turn damages consumer interests," he said.

 

In Lanzhou, many people have reportedly found less beef or noodles after the price cap, although the price remained unchanged.

 

Lanzhou is not alone in suffering from rising prices as inflation sweeps the country. China set the benchmark consumer price index at 3 percent for this year, but it rose to 3.2 percent in the first six months and 4.4 percent in June, a 33-month high.

 

The NDRC notice said if the local inflation level is significantly higher than the official preset target, local governments should keep prices stable and should not increase regulated prices.

 

Price moves that are conducive7 to environmental protection and energy saving are exempt8 from the restraint.

 

The commission also said market players are forbidden from such manipulative activities as forming price cartels or cornering the market.

 

"This is obviously aimed to curb9 rising prices," said Zuo Xiaolei, chief economist of China Galaxy10 Securities.

 

But she said such moves may lead to a delayed pace of reform in China's pricing mechanism11 of resource products.

 

China has brewed12 such a reform this year to better reflect the market value of resource products and improve consumption efficiency.

 

"The NDRC move shows that in the interest of price stability, such reforms may have to be slowed down," she said.

 
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1 intervention e5sxZ     
n.介入，干涉，干预
参考例句：
  • The government's intervention in this dispute will not help.政府对这场争论的干预不会起作用。
  • Many people felt he would be hostile to the idea of foreign intervention.许多人觉得他会反对外来干预。
2 provincial Nt8ye     
adj.省的，地方的；n．外省人，乡下人
参考例句：
  • City dwellers think country folk have provincial attitudes.城里人以为乡下人思想迂腐。
  • Two leading cadres came down from the provincial capital yesterday.昨天从省里下来了两位领导干部。
3 pharmaceuticals be065c8a4af3a2d925d11969faac34cf     
n.医药品；药物( pharmaceutical的名词复数 )
参考例句：
  • the development of new pharmaceuticals 新药的开发
  • The companies are pouring trillions of yen into biotechnology research,especially for pharmaceuticals and new seeds. 这些公司将大量资金投入生物工艺学研究，尤其是药品和新种子方面。 来自《简明英汉词典》
4 remarkable 8Vbx6     
adj.显著的，异常的，非凡的，值得注意的
参考例句：
  • She has made remarkable headway in her writing skills.她在写作技巧方面有了长足进步。
  • These cars are remarkable for the quietness of their engines.这些汽车因发动机没有噪音而不同凡响。
5 economist AuhzVs     
n.经济学家，经济专家，节俭的人
参考例句：
  • He cast a professional economist's eyes on the problem.他以经济学行家的眼光审视这个问题。
  • He's an economist who thinks he knows all the answers.他是个经济学家，自以为什么都懂。
6 dented dented     
v.使产生凹痕( dent的过去式和过去分词 )；损害；伤害；挫伤（信心、名誉等）
参考例句：
  • The back of the car was badly dented in the collision. 汽车尾部被撞后严重凹陷。
  • I'm afraid I've dented the car. 恐怕我把车子撞瘪了一些。 来自《简明英汉词典》
7 conducive hppzk     
adj.有益的，有助的
参考例句：
  • This is a more conducive atmosphere for studying.这样的氛围更有利于学习。
  • Exercise is conducive to good health.体育锻炼有助于增强体质。
8 exempt wmgxo     
adj.免除的；v.使免除；n.免税者，被免除义务者
参考例句：
  • These goods are exempt from customs duties.这些货物免征关税。
  • He is exempt from punishment about this thing.关于此事对他已免于处分。
9 curb LmRyy     
n.场外证券市场，场外交易；vt.制止，抑制
参考例句：
  • I could not curb my anger.我按捺不住我的愤怒。
  • You must curb your daughter when you are in church.你在教堂时必须管住你的女儿。
10 galaxy OhoxB     
n.星系；银河系；一群(杰出或著名的人物)
参考例句：
  • The earth is one of the planets in the Galaxy.地球是银河系中的星球之一。
  • The company has a galaxy of talent.该公司拥有一批优秀的人才。
11 mechanism zCWxr     
n.机械装置；机构，结构
参考例句：
  • The bones and muscles are parts of the mechanism of the body.骨骼和肌肉是人体的组成部件。
  • The mechanism of the machine is very complicated.这台机器的结构是非常复杂的。
12 brewed 39ecd39437af3fe1144a49f10f99110f     
调制( brew的过去式和过去分词 )； 酝酿； 沏（茶）； 煮（咖啡）
参考例句：
  • The beer is brewed in the Czech Republic. 这种啤酒是在捷克共和国酿造的。
  • The boy brewed a cup of coffee for his mother. 这男孩给他妈妈冲了一杯咖啡。 来自《简明英汉词典》

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