Timeline: China's moves to tackle consumer price inflation
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-- Sept. 27, 2007. All the prescription drugs, OTC drugs and anesthetic related medicines are subjected to government pricing administration as part of a medical reform.
-- Oct. 24, 2007. The NDRC urges PetroChina and SinoPec to make a secure supply of liquefied petroleum gas a priority, prohibiting them from raising prices arbitrarily and vowing to name and shame enterprises that engage in profiteering.
-- Oct. 31, 2007. The government announces rises in gasoline, diesel oil and aviation kerosene prices by 500 yuan per ton from Nov. 1 to close the gap between soaring international crude and domestic oil prices.
-- Nov. 5, 2007. Executives of China's major edible oil manufacturers and guild leaders are summoned to Beijing for a closed door meeting at which the government requires them to step up production to rein in the soaring market prices after a dozen people are injured and killed in crowds rushing to buy edible oils at marked down prices.
-- Nov. 28, 2007. Six gas stations are publicly blacklisted for allegedly profiteering while Sinopec and PetroChina are again urged to step up production of refined oil products.
-- Dec. 3, 2007. At an annual economic conference, the government lists its 2008 economic priority as preventing inflationary pressure from spreading across the board and the economy overheating.
-- Dec. 4, 2007. An NDRC statement identifies inflation as a problem facing a dozen other countries besides China and details countermeasures taken by foreign governments, including financial means, price curbs, subsidies for low-income earners, export controls and import facilitation.
-- Dec 5. 2007. The State Council, China's cabinet, promulgates a package of policies to curb prices, including raising retirement pensions in 2008, increasing stipends for urban and rural poor and minimum wages, expanding the coverage of minimum subsistence allowances, increasing medical assistance, boosting housing supply, freezing train fares pre- and post-Spring Festival, but allowing moderate fare rises in road transport.
-- Dec. 25, 2007. Another national overhaul to curb excess price hikes ahead of the New Year and the Spring Festival kicks, targeting grain crops, edible oil, meat, poultry, eggs and dairy products.
-- Jan. 9, 2008. A State Council executive meeting stipulates temporary price freezes on gasoline, natural gas and electricity prices, as well as freezes on urban gas, water, heating and public transport charges.
