Guangdong province took steps to cool down investment in the province in order to prevent inflation. One of the first steps in the drive to rein in investment has been the cancellation of all golf course projects in the province that had yet to obtain government approval. Governor Huang Huahua asked local officials to review all construction projects already underway and ensure that repetitive investment was avoided. Huang also said the province would limit price increases and increase raw material and energy reserves. Measures to stabilize food prices, which account for one-third of the increase in China's consumer price index, were also proposed by the governor.
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