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The National Development and Reform Commission, the country's top economic planner, has reportedly arranged meetings with companies, including producers of alcoholic drinks and consumer goods manufacturers, asking them not to raise prices. Multinational companies may also be pressed not to raise prices when their domestic rivals heed the government's call and keep prices stable. Unilever, the world's second-largest consumer-goods maker, said recently that it will postpone price increases in China at the government's request. While the government is stepping up efforts to stabilize prices, industry analysts warned that price controls may result in smaller profits for domestic companies. "A reduction in profit is inevitable if companies are not allowed to raise prices because production costs are increasing, driven by higher wages and rising raw material prices," said Yin Qizhong, honorary chairman of the China Aquatic Production Chamber of Commerce. The People's Bank of China, to tackle inflation, has raised interest rates four times in less than six months. "China has entered the early stages of a prolonged monetary tightening cycle as inflation pressures are likely to persist," Tomo Kinoshita and Sun Chi, economists at Nomura Securities, wrote in a report. They also forecast another rate hike of 25 basis points in June and one more in the third quarter. Chen Xingdong, chief economist with BNP Paribas Asia Ltd, said that if the country's inflation rate exceeds 6 percent for two consecutive months, it may prompt the government to take administrative measures to control prices. http://bloguitos.com/lingna/39235/ http://bosebrands.wordpressvietnam.com/2011/04/13/20-foot-coiled-extension-cord/
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