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Chinese fight against price hikes
20.12.2010 15:00 "Agro Perspectiva" (Kyiv) —
The list of items that elevated the terms usage is extensive: mung beans, which sold in May at double their price at harvest in October 2009; garlic, which rose 40 percent in the seven months to November; sugar; ginger, and so on.
And thats just the basics. With meat and gasoline on the list, many ordinary Chinese are wondering if they can continue the standard of living to which they are accustomed.
As the consumer price index climbed from 1.5 percent at the start of the year to a 28-month high of 5.1 percent in November, many people began hoarding or cutting back in fear their incomes were failing to keep pace.
Alarmed, the government began to promulgate regulations and controls in late November, which have pressed down some prices, bringing slight relief to consumers
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