China Launches Price Controls After Red Hot Inflation, Highest PPI Since Lehman Collapse

Update 10:00pm ET: moments after reporting a red hot PPI which was the highest since Lehman, China effectively launched price controls, with China’s economic planning agency vowing to increase supply of key consumer goods to stabilize prices, according to a statement on NDRC website on a national video meeting Tuesday.

*CHINA VOWS TO CONTROL CORN, WHEAT, PORK PRICES AFTER PPI SURGE
*CHINA TO KEEP PRICES OF GOODS LINKED TO LIVELIHOOD STABLE: NDRC

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