China Drafts Measure to Control Food Prices

BEIJING—China's Ministry of Commerce released a draft measure on emergency management of food staples, aiming to prevent severe shifts in prices and supply of daily necessities.

Beijing has stepped up its fight against inflation as soaring prices of food and other products have stoked price pressures that pose growing risks to the economy. Government departments have already undertaken several measures to keep food prices in check, such as programs aimed at boosting grain output, and creating reserves of vegetables.

The ministry said it seeks to combat "abnormal" ...

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