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Noodle price fixing reported in China

Today's New York Times features a story about the sudden rises in noodle prices in the city of Lanzhou, China. Apparently noodle shops all over the city raised the prices of their bowls of noodles, prompting public outrage and investigations that eventually lead to allegations of price fixing among a few shop owners. According to the NYT, a local paper also reported that the shop owners involved threatened other noodle makers into compliance with the price jumps. Most of the noodle shops in the city seem to be complying with the several-cent hike, which, in the impoverished region, is a significant one.

[Photo: Du Bin, NYT]

Filed under: Business, Newspapers, Chefs & Restaurants, Restaurants

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