And now price controls
And now China is considering price controls. That's an act of desperation when interest rake hikes don't help and doing nothing won't help either. As a palliative measure it might help, but the reason they had to go back to the practices of Chairman Mao is that they never created a viable domestic market that can ignore price swings of rice because it's a minor expense. The bottom line: all mercantilist economies run at full speed into a concrete wall sooner or a later.