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China to refrain from price intervention

Xinhua, October 29, 2015 Adjust font size:

The Chinese government will reduce intervention in price formation, according to a communique released Thursday after a four-day key meeting of the Communist Party of China (CPC).

The government will deregulate pricing products and services in competitive sectors in a comprehensive way from 2016 to 2020, or the 13th Five-year Plan period, said the communique issued after the Fifth Plenary Session of the 18th CPC Central Committee. Endi