China seeks to calm fears about food price inflation

Thursday, November 25, 2010

China's main economic planning agency has moved to reassure people who fear inflation is getting out of control.

The National Development and Reform Commission (NDRC) said in a statement that the country had "the capacity" to keep prices in check.

There is particular concern about food price inflation, amid suggestions that some people are hoarding commodities. But the NDRC said the government had adequate reserves of foodstuffs like poultry, eggs and grain to meet needs.

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