Bill Belew has raised 2 bi-cultural kids, now 34 and 30. And he and his wife are now parenting a 3rd, Mia, who is 8.
Inflation in China hit an 11-year high in November, 07 – 6.9% making the CPI 4.8% for the year.
The government had hoped for no more than a 3% rise.
The National Development and Reform Commission (NDRC), the country’s economic planner has a, surprise, plan.
1. further support to the agricultural sector
2. increase the supply of agricultural products
3. give a full play to both the domestic and international market resources to stabilize prices
4. control fertilizer prices.
5. gasoline, natural gas, electricity, water, heating prices and urban public transport fees, scenic spot ticket charges, and school tuition will remain frozen in the near future
6. control measures on a package of products, including grain, edible oil, meat, milk, eggs and liquefied petroleum gas,
7. big Chinese enterprises and wholesalers are required to apply for official approval for price rises
8. clampdown on illegal pricing
9. step up price checks and law enforcement actions against commodity hoarding, price rigging or other practices
Do you think the plan will work?