Bloomberg News

China’s Wen Urges Efforts to Control Food Costs, Inflation

October 22, 2011

Oct. 22 (Bloomberg) -- China’s Premier Wen Jiabao asked local authorities to step up measures to control food costs as his government strives to curb inflation, according to a statement posted on the government’s website today.

The government will boost reserves and supply of food, impose strict control on “deep processing projects” of corn, provide incentives to stabilize animal-feed prices and increase hog production, Wen said during a trip to Nanning in south China’s Guangxi province, according to the statement.

To contact the reporter on this story: Li Yanping in Beijing at yli16@bloomberg.net

To contact the editor responsible for this story: Thomas Kutty Abraham at tabraham4@bloomberg.net


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