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Stores fined over price scams as Beijing strives to rein in inflation

The Chinese government took another stab at reining in inflation on Thursday by fining stores up to CNY500,000 (USD77,029) for cheating shoppers with bogus discounts or promotions.

Laying bare its intent to stamp out price pressures, with inflation last clocked at a 32-month high, the National Development and Reform Commission urged officers in charge of monitoring prices to look out for other errant store owners.

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