New round of anti-inflation measures

China's State Development and Reform Commission (CDRC) announced four new measures aimed at curbing inflation. The CDRC enacted price controls in provinces with the fastest growth in cost of living, raised standards for the inspection of bank records and increased restrictions on the use of arable land for industrial or residential projects. The commission also said it would reevaluate projects in overheated sectors including cement, steel and property that had already received government approval.