Hoarding of Goods Blame for Skyrocketing Prices of Garlic
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A man carries a bag of garlic at Xinfadi wholesale market in Beijing, July 20, 2010. Garlic wholesale price rebound on Tuesday. China will fine individuals and companies up to 2 million yuan (US$295,000 ) for circulating misleading or false information about price hikes, the country's top economic planner disclosed recently. The hoarding of goods was mainly to blame for skyrocketing prices of garlic, mung bean and other farm products this year, jeopardizing the Chinese government's goal to keep the annual consumer price inflation at 3 percent in 2010. [Xinhua]
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A trader makes a stocktaking at a wholesale market in Nanning, capital of southwest China's Guangxi Zhuang Autonomous Region, July 20, 2010. Garlic wholesale price rebound on Tuesday. China will fine individuals and companies up to 2 million yuan (US$295,000 ) for circulating misleading or false information about price hikes, the country's top economic planner disclosed recently. The hoarding of goods was mainly to blame for skyrocketing prices of garlic, mung bean and other farm products this year, jeopardizing the Chinese government's goal to keep the annual consumer price inflation at 3 percent in 2010. [Xinhua]
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