Beijing Capitial Airport tries to rein in bloated prices

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 ◆ Beijing Capitial Airport tries to rein in bloated prices

Beijing Capital International Airport will lower the prices of commodities on sale there from the start of October, the English-language newspaper China Daily reports recently.

With the move, the sky-rocketing prices at the airport are expected to be brought down to a reasonable level.

Li Peiying, president of the airport, was quoted as saying that an airport food supplement company would take over all the food outlets at the airport beginning on October 1, when the leases with the current vendors expire.

"The commodity prices at the Singapore Airport are even cheaper than in its urban areas, and I promise the capital airport will follow in the Singapore airports' footsteps with the new operations," Li said.

Without price regulations, airport shops have been selling their products at prices 5 to 10 times higher than in urban areas, and have come under severe criticism from travelers.

The new airport food supplement company took over the underground food outlets in July, and the prices of most food have dropped to a lower level, Li said.