China’s Top Economic Agency Vows to Keep a Lid on Pork Prices

(Bloomberg) ― China’s top economic planning agency said it would take measures to prevent rapid pork-price increases when it deems appropriate. There have been steady price gains over the past three months for the key component of consumer inflation.

The National Development & Reform Commission (NDRC) will use tools such as adjusting reserves, the commission told representatives of pork and slaughter companies during a meeting, according to a statement released Monday. The NDRC also said it will work in coordination with other agencies to “severely punish illegal activities including fabrication and spread of information about rallying prices and price gouging.”