A Recent directive from the General Office of State Council re-emphasized exerting price control with “effective measures.” On April 2, 2008, The Correcting Industrial Illegitimate Practice Office (CIIPO) of the State Council issued a Notice On Implementing The Correction Of Industrial Illegitimate Practice in 2008. The notice asked “relevant authorities” to strengthen regulation on market price, strictly control the government-stipulated price, and take temporary measures to intervene the prices of necessities. It also demanded “strike hard” on illegalities on pricing practices.
Source: China.com.cn, April 10, 2008
http://www.china.com.cn/policy/txt/2008-04/10/content_14769635.htm