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Measures imposed to control price hikes on basic commodities

Measures imposed to control price hikes on basic commodities14 measures were imposed by the city of Shenzhen to ensure the supply of key commodities and energy products to control price hikes. Under the new measures, low income families and college students holding Shenzhen hukou living in poverty will get government subsidies for a span of six months.

Canteens found in universities and colleges will get paid in subsidies ensuring supply at stable prices. Vehicles carrying agricultural products will be exempted from toll fees by authorities starting December 1. Agricultural produce and daily necessities will undergo market inspections for three months, and prices for grains, edible oil, poultry, meat, eggs, and other items will be under tight supervision in wholesale an retail markets.

The city government will also coordinate the supply of refined oil, natural gas, electricity, home heating, water, gas and transportation to further ensure supplies will be enough during winter and spring time. Fees and charges in produce markets will also be regulated. Hoarding for speculation and price gouging are illegal practices and anyone caught will be punished. The government issued these measures to curb inflation and to make sure supply will lasts until farms increase their agricultural produce production, expand construction of agricultural produce wholesale markets and ensuring regional supply.



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