Hoarding of Goods Blame for Skyrocketing Prices of Garlic
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Two workers take a bag of garlic onto a vehicle 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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Photo taken on July 20, 2010 shows two cloves of garlic standing on a weight 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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