China cracks down on profiteering amid snow crisis

( dpa ) - China is cracking down on people accused of profiteering from food shortages and transport chaos in 19 snow- affected provinces, state media said on Sunday.

Train ticket touts are using their "special connections within the railway system" to buy large numbers of tickets and resell them for much higher prices to some of the millions of travellers trying to reach their home towns in time for Spring Festival, the official Xinhua news agency said.

One former station manager in the central Hunan province, which is still devastated by the worst winter weather for 50 years, has already been charged with abuse of power by reserving train tickets for "illegal dealers," the agency said.

Residents of Hunan's Zhuzhou city said last week that food prices had also soared after snow and ice cut power lines and disrupted most road, rail and air services.

Central and provincial governments have issued notices prohibiting unreasonable price rises for essential goods, and some local authorities have already taken action against people deemed to have breached the order.

A restaurant in Guiyang, the capital of Hunan's neighbouring province of Guizhou, was fined 50,000 yuan (7,000 dollars) on Saturday for raising the price of noodles by 1 yuan without authority, the agency said.

The eastern province of Zhejiang had rejected several requests for price rises by supermarkets but expected vegetable prices to begin rising on Sunday, it quoted Wang Jiarui, head of the provincial pricing bureau, as saying.

"We insisted that prices for milk and instant noodles should remain stable now and during the Chinese New Year holiday," Wang said.

Zhejiang was hit by an average of about 30 centimetres of snow on Saturday, with up to double that in the worst-affected areas, reports said.

The government is keen to limit the effect of the bad weather on already rapidly growing consumer-price inflation, which has risen by more than 6 per cent for each of the last three months.

It announced measures last month to control the prices of key commodities amid concerns that rising inflation was affecting social stability.

For the past week officials have been trying to get most of an estimated 5.8 million stranded rail travellers home by Wednesday, which is new year's eve in the lunar calendar, while millions more migrant workers have agreed to cancel travel plans.

Forecasters warned on Saturday that the grim weather would continue until at least February 8 or 9, leaving highways and railways iced up beyond any capacity to get the millions moving again.

The snow has caused direct economic losses of at least 53.9 billion yuan, Zhou Min, a spokesman for the Ministry of Civil Affairs, told reporters Friday.

The bad weather has killed scores of people and forced some 1.8 million people to relocate, destroying 223,000 houses and damaging 862,000, Zhou said.

Parliament head to support all joint efforts for new constitution
Parliament head to support all joint efforts for new constitution
Georgian President appreciates EU support
Georgian President appreciates EU support
Macron to hold phone talk with Iranian counterpart over JCPOA
Macron to hold phone talk with Iranian counterpart over JCPOA
Loading Bars
Latest
Parliament head to support all joint efforts for new constitution
Georgian President appreciates EU support
Macron to hold phone talk with Iranian counterpart over JCPOA
OECD recommends Georgia to support land registration reform for increasing FDI-SME linkages
Turkmenistan reveals schedule of intercity buses
Azerbaijan's State Tax Service registers Fuzuli Airport LLC
Azerbaijan felt Turkey's support not only during Karabakh war but throughout history - Minister
Int’l Model Non-Aligned Movement Simulation Exercise underway - Azerbaijan Foreign Ministry
Azerbaijan, Germany interested in increasing mutual trade turnover - Deputy minister
Iran's Energy Exchange announces products to be on sale on March 3
Azerbaijani State Agency of Automobile Roads talks about repair and construction on roads
Azerbaijani Finance Ministry places medium-term bonds at auction
Azerbaijan shows footage from Ucbulag village of Fuzuli district (PHOTO/VIDEO)
Georgia to receive first doses of COVID-19 vaccine via Covax platform in February
Irrigation systems to be put into operation in Iran’s agricultural sector
Azerbaijani Defense Ministry shares updated list of martyred servicemen in Second Karabakh War
Larization of loans increase in Georgia
Georgian AgroZone products to be exported abroad from Kutaisi Airport
Turkish specialists together with Azerbaijan’s AzTV to shoot film in Nagorno-Karabakh region
Ro-Pax ferry vessel commissioned by Azerbaijan's president - video report
Azerbaijani winemakers’ production down in 2020
Azerbaijan, Tajikistan discuss development of tourism co-op
Georgia’s banking sector begins year with profit
France uses only quarter of Astrazeneca vaccine doses
Uzbek-Korean JV to buy spare parts for electric actuator via tender
Kazakhstan identifies priority tasks to develop agriculture by 2025
Georgian Ministry of Finance sees decrease in mobilized income tax
Likelihood of interest rate decrease in Azerbaijan for 2021 seems minimal - Unicapital
Azerbaijan's AzNET segment neutralizes more phishing attacks in Jan.2021
Azerbaijan's new borrowings not to raise debt burden - Gazprombank
Azerbaijan studying Turkey's experience to strengthen institution of primary health care (PHOTO)
Uzbekistan, Azerbaijan talk big potential for co-op in agriculture
Hertz set to ride out of bankruptcy with $4.2 billion from investment firms
Money transfers via int'l payment systems down in Kazakhstan
Azercell obtains yet another award on customer experience management
German companies may take part in restoring Azerbaijan's liberated lands - ambassador
Excavation of well in Iran's Ahvaz oil field launched
Uzbekistan considers resuming air communication with Russia
Bahar Azadi gold coin price again falling in Iran
Kazakhstan, Georgia resume mutual flights as COVID-19 restrictions lifted
Uzbekistan eyes expanding mutually beneficial relations with foreign partners
Azerbaijan and Germany to continue co-op on improving qualifications of managers
Generation data of Iran's Shahid Rajaee TPP announced
Lithuania supports subsidizing renewable energy projects in Georgia
Demand for pick-up trucks in Azerbaijan may increase - expert
Kazakhstan boosts agriculture output, sets up tasks for sector's dev't
Turkey issues Jan. 2021 data on passenger traffic at Istanbul Airport
Azerbaijani company discloses output of primary aluminum
Spain's jobless hit four million for first time in five years as pandemic curbs bite
Volume of exports from Iran's Qom Province increases
S.Korean oil company holding exploration on land plots in Uzbekistan
EU executive says joint vaccine strategy not unravelling
Azerbaijan, Germany discuss expanding cooperation in oil & gas sector
Azerbaijani business environment entering recovery period - Minister of Economy
Iran's awaits action from US over JCPOA
Indonesia says identifies two cases of British COVID-19 variant
Europe – Iran held business forum to expand trade
Uzbek-Russian JV completes geological exploration at Akchalak investment block
Azerbaijani electricity supplier first to use special-purpose UAVs
Iran reaches gas export growth
Turkish president instructs to shoot TV series about Karabakh war victory
Cargo, passenger traffic via Turkish Sabiha Gokcen Airport down from early 2021
Germany to extend coronavirus lockdown until March 28
Iran unveils data of imports, exports through Anzali port
Azerbaijan records notable growth in population's US dollar demand
Iran reveals COVID-19 data for March 2
Azerbaijani Association of Travel Agencies and Association of Travel Bloggers sign agreement of understanding (PHOTO)
Union ministers Amit Shah, S Jaishankar get Covid-19 vaccine after PM Modi
Azerbaijan to hold new auction for public property facilities
Azerbaijan in cooperation with Turkey to make movie about Karabakh War
TV, radio channels to be non-accredited for 2021 Formula 1 Azerbaijan Grand Prix
Iran's Changuleh - 'a very complex oil field', says official
Proven gas reserves not adequate to furnish rising demand
BHOS launches next ‘Business Education for Engineers’ course
Iran to build combined cycle power plan in Mazandaran Province
Azerbaijan confirms 143 more COVID-19 recoveries
Gold, silver prices down in Azerbaijan
Nitin Gadkari: Despite Covid, highway construction at a record of over 32 km a day
IAF To Take Part In Multinational Exercise "Desert Flag" With France, US In UAE
Uzbekistan reports increases in gasoline price
Uzbek ministry to purchase computer equipment via tender
Uzbek commodity exchange reports volume of RON-80 gasoline sold
Russia's Novak preparing for OPEC+ meeting on March 4
UK's European Technology Development Ltd interested in doing business in Turkmenistan
Iran discusses potential of power transmission lines to neighboring countries
Uzbek commodity exchange reports volume of goods sold for Feb. 22-28
Azerbaijan's Tax Service registers local affiliate of UAE's Masdar company
Azerbaijan shares data on mortgage and guaranteed loans issued over February 2021
Azerbaijan reveals amount of foreign currency bought by banks
Georgia shares details of state property privatized for symbolic price
F1 Azerbaijan Grand Prix 2021 to be hosted without spectators
F1 Azerbaijan Grand Prix to be held until 2024
Georgia reports 461 new cases of coronavirus for March 2
Failure to bring more barrels to trigger prices spiking beyond $70/bbl
Turkmenistan's State Enterprise opens tender to buy electrical equipment
European Investment Bank's loan reinforces support for recovery of Georgian MSMEs
Accreditation of journalists for 2021 Formula 1 Azerbaijan Grand Prix starts
SOCAR Turkey to use IBM Hybrid Cloud Solution
Changes to be made to holding of F1 Azerbaijan Grand Prix 2021 - Baku City Circuit
Iran plans to extract large amount of oil from Azar field
All news