By JOE McDONALD AP Business Writer
BEIJING (AP) - China took its most drastic step yet on Wednesday to slow a rapid rise in politically sensitive food prices, ordering producers to obtain government approval for any further increases....
Also Wednesday, the government said a crackdown on illegal pricing has cut the cost of liquefied natural gas in China by up to 19 percent. LNG is widely used in China for cooking.Investigators found LNG producers and retailers colluded to raise prices or violated government price controls, the NDRC said.
Gas producers are the second industry hit by price-fixing claims after the NDRC said in August that noodle makers illegally colluded to push up retail prices by up to 40 percent.
2008-01-16 12:17:07 GMT
So China need natural gas for cooking.
Iran has natural gas
China has shitloads of US Treasury bonds .
So China can tell the US to buzz off.
Unless US and Chinese reps want to get together for photo-ops.
Come oooon, anybody believe that Negroponte gives two shits about human rights?
Ok now go laugh, this is funny.
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