China's top economic planner, the National Development and Reform Commission (NDRC), said that the price controls on tobacco leaf have been abolished. The move which comes more than a year after Communist Party leaders pledged to give the market a decisive role in resource allocation at a key meeting known as the Third Plenum, is expected to give the market a greater economic role. However, tobacco leaf prices are only a small factor in the cost of cigarettes so ...Monday 5 January 2015
China Abolishes Price Controls on Tobacco Leaf
China's top economic planner, the National Development and Reform Commission (NDRC), said that the price controls on tobacco leaf have been abolished. The move which comes more than a year after Communist Party leaders pledged to give the market a decisive role in resource allocation at a key meeting known as the Third Plenum, is expected to give the market a greater economic role. However, tobacco leaf prices are only a small factor in the cost of cigarettes so ...
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