Chinahas launched a newfuelpricing scheme whichsets up a pricefloor and ceiling. Under the system, theprice floor is at $40a barrelandtheprice ceiling at $130.
Then it should announce an upper limit for the gold price and use Open Market operations to contract bank reserves as needed to enforce this ceilingprice.
Shanghai will raise the priceceiling on homes that qualify as "private ordinary homes" in a move that could spur sales, following a similar step by Beijing's municipal government in November.
Dr. Pai said he and the Clinton group canvassed the Indian laboratory industry, convincing 27 of the 400 laboratories in the country to agree to a priceceiling on the diagnostics they purchased at the steep discount.