CHINA-ECONOMY

 On October 15, 2015, China's authoritative and official news agency Xinhua reported that China's State Council had set a timetable for reform of the country's pricing mechanism. According to guidelines issued by the State Council, China will lift price controls over basically all goods and services in competitive sectors by 2017. By then, government-set prices will only exist for key utility services, public-good programs and network industries featuring natural monopolies, such as electricity and water supply. 

 






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