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To help food price inflation, China sells at home

Asia

International

Sell more at home. That's China's message to its food producers. The country's finance ministry says China will levy taxes next year on basic products like wheat, soybeans, corn, and rice. The tax, ranging from 5 percent to 25 percent, is the latest move by the government to help rein in food price inflation. It was at a rate of more than 18 percent last month.



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