Thou shalt not collude on pricing, the regulatory god said unto the Moses of industries in most countries, including China. But the instant noodle cabal either did not hear it or turned a deaf ear. In late July, noodle makers joined forces in raising prices by about 20 percent, and as much as 40 percent for some products.After less than three weeks of regulatory pressure, media assailing and public discontent, the industry backed down, apologized and initiated an across-the-board price cut. Is this a triumph of consumer rights and regulatory protection? Yes ... hmm maybe.more ›
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Results tagged “doyou”
Thou shalt not collude on pricing, says China Daily columnist but fails to hit out at state-owned airlines
Skype's got the Chinese translators if you've got the money
Skype has teamed up with a service called Language Line to add real-time translation services to its SkypeOut product, we and more than 13,500 people have read on Skype's Developer Zone blog:
Shanghaiist presents The Best Albums of 2005
Since Shanghaiist kicked off in July this year, we've inflicted opinion after opinion on you, our faithful readership. Here comes a whole bunch more.
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