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Friday, May 6, 2011

China To Companies: Thou Shall Not Raise Prices Or Talk About Such Plan!

China To Companies: Thou Shall Not Raise Prices Or Talk About Such Plan!

"Unilever, the world’s second-largest consumer-goods maker, will be fined 2 million yuan ($308,000) in China for telling the media about its plans to raise prices, which the government said led to hoarding.
News reports in March that cited Unilever as saying it may raise prices strengthened fears of inflation, the National Development and Reform Commission, China’s top economic planning agency, said in a statement on its website today."

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