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
Alibaba’s Quark Unit Launches AI Glasses Powered by Qianwen Model
Infinigence AI Raises 500 Million Yuan to Expand Heterogeneous Computing Platform
China’s Semiconductor Software Push Gains Traction Amid U.S. Curbs
LATEST
Lenovo Executive Urges AI Startups to Take On Tech Giants
Infinigence AI Raises 500 Million Yuan to Expand Heterogeneous Computing Platform
Alibaba’s Quark Unit Launches AI Glasses Powered by Qianwen Model
Pony AI Plans to Triple Robotaxi Fleet to 3,000 by 2026 as Revenue Jumps
China’s Semiconductor Software Push Gains Traction Amid U.S. Curbs
Alibaba Scales Back Retail Spending, Dismisses AI Bubble Fears
Huawei Slashes Flagship Phone Price Amid Slowing Shipments
China’s CXMT Takes Aim at Global Leaders With High-End DDR5 Memory Chips
Alibaba’s Profit Plunges 72% on Costly Foray Into Instant Retail
Xiaomi, Founder Stem Stock Rout With $115 Million Buyback
Analysis: Soaring Legacy Chip Prices Spark Windfall — and Risk — Across Supply Chain
Alibaba, Ant Race to Catch Rivals in China’s AI App Boom
New Flight System Targets ‘Blind Spots’ in China’s Low-Altitude Economy
Cover Story: The AI Boom’s Unsettling Paradox
AI Keeps China, U.S. From Decoupling Despite Trade Tensions, Insiders Say
Wingtech Demands Return of Nexperia Control After Dutch Freeze Pause
Intel Pivots to Custom Chips to Tap China’s Trillion-Yuan Computing Markets
Geely Leads $141 Million Round for Tsinghua-Linked Robotics Startup
China’s Giant Neutrino Detector Delivers First Results With Record Precision
China Unicom Taps Veteran Executive as Chairman to Navigate Telecom Transition
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