Cup of Cha
This is China

As consumers around the country panicked in the face of rocketing prices for food, oil and other essential items, the Beijing Organizing Committee of the 29th Olympic Games sought to soothe frayed nerves. Xinhua reports:

The Beijing Organizing Committee of the 29th Olympic Games (BOCOG) Wednesday vowed to maintain the licensed Olympic product prices at present level despite the country’s consumer price index (CPI) in January hitting a record high in 11 years.

Yuan Bin, director of BOCOG’s Marketing Department, told reporters that they have taken measures to cut product costs in a bid to keep them at accessible prices to the general public.

“Our principle is to develop products that are affordable for the general public, so we paid a lot of attention to the prices,” said Yuan.

“One of our measures was to cut franchise fee rate from 10 percent to 8 percent last year. Because franchisers made their contribution through franchise fee, lower fees will help to shave off cost to some extent,” she said.

This should be a great relief to families have difficulty buying cooking oil, vegetables and pork. At the end of the day, at least little Zhou Yi will have his Beijing Olympic Memorial Silver Plate for only RMB2680. At these prices you can’t afford not to buy Olympic crap. After all, now that money would only buy the equivalent of RMB2300 worth of pork at January’s rates!

You might go to bed hungry, but at least you’ll sleep well on your ugly troll pillow, an amazing value at only RMB350. Why that’s almost better than food.

It’s good to see that even with the Olympic fervor China is still focused on what it’s really good at: selling useless crap.

Tags: inflation, satire
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