Caixin
Caixin Global – Latest China News & Headlines

Home >

ABOUT US

CX Tech is Caixin Global's real-time tech news portal, featuring 24-hour news, short-form analysis, and roundups from business and tech media in China.

TRENDING
ByteDance Adds AI Agents to Feishu in Enterprise Push
Huawei Speeds Up AI Chip Roadmap, Unveils Optical ‘Super Node’
China’s AI Hiring Surges as Industry Pivots to Practical Applications
LATEST
China’s AI Hiring Surges as Industry Pivots to Practical Applications
Huawei Speeds Up AI Chip Roadmap, Unveils Optical ‘Super Node’
Hikvision Overhauls Compliance Process to Tackle Fragmented Foreign Regulations
Nubia Releases Second-Generation AI Phone
China Targets $4.5 Trillion Tech Manufacturing Sector by 2030
Chinese Space Startup Raises New Funds in Reusable Rocket Push
ByteDance Adds AI Agents to Feishu in Enterprise Push
Hong Kong Bets on Global Links to Win Mainland Business
Z.AI Raises $5 Billion in Share Placement, Convertible Bond Sale
Ant Group Rolls Out AI Payment Trust System to Break Agent-Commerce Bottleneck
Enflame Surges 188% in Shanghai Debut as AI Chip Boom Continues
AI Boom Could Undermine China’s Push for Consumption-Led Growth, Economists Warn
Moonshot AI Expands Enterprise Push Through IT Services Partnerships
Tech Monopolies Could Blunt AI’s Economic Gains, Warns Nobel Laureate Aghion
China’s DeepSeek Launches Smaller, Faster AI Model
In Depth: AI Distillation in China Leaves U.S. Tech Giants at Odds
Arm Lands Lenovo, ByteDance Unit as First China Customers for AGI Chip
JD.com Unveils AI Logistics Push With 100,000-Chip Cluster, Millions of Robots
China Moves to Rein In AI-Era Counterfeiting and IP Disputes
Huawei Unveils First Mass-Produced Logic-Folding Chip in New Tri-Fold Phone
Government Bows Out of Sugar Cane Price-Setting

By Li Liuqian and Han Wei / Apr 17, 2019 03:48 AM / Business & Tech

Photo: VCG

Photo: VCG

The government of Guangxi autonomous region in southern China Monday officially handed over pricing of sugar cane to the market, completing a pullout of government control over the price of the raw material of sugar.

According to a document released Monday, the Guangxi government will no longer offer any guidance to the market on the price of sugar cane starting this year. Guangxi, one of China’s biggest sugar cane-producing provinces, is the last one to remove government price controls.

A central government policy in 2011 required governments of major sugar production provinces to set up a government-backed material pricing system. However, this exposed farmers and sugar producers to risks of increasing price fluctuation as the sugar market opened to the outside world. Since 2015, governments in major sugar cane production provinces including Zhanjiang, Hainan and Yunnan, have gradually eased government price controls.

Related: China Sweet on Ethiopian Sugar


Share this article
Open WeChat and scan the QR code