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Measures to ensure commodity prices stable
1 2021-07-20 08:38:59China Daily
Editor : Mo Hong e
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An employee works at a copper processing plant in Dongyang, Zhejiang province. (Photo by BAO KANGXUAN/FOR CHINA DAILY)
China will take more steps to curb rising commodity prices and crack down on the hoarding and speculation of commodities, marking a key step to ensure stable prices and supplies of commodities in the market, officials and experts said on Monday.
Wan Jinsong, director of the National Development and Reform Commission s Department of Price, said the commission will work with departments to release more copper, aluminum and zinc from the national reserves to boost market supply and ease the pressure on enterprises production and operations.
New rules for commodity price indexes--China Economic Net en.ce.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from en.ce.cn Daily Mail and Mail on Sunday newspapers.
China has enacted the Hainan Free Trade Port Law as part of its ongoing efforts to develop a globally influential free trade port in the country's southern Hainan province.
China will take more steps to curb commodity price speculation and keep prices stable, showing zero tolerance for illegal activities, according to the country s top economic regulator.
The National Development and Reform Commission, together with other four central departments, held a meeting on Sunday on the rapid commodity price gains this year, warning key enterprises in the bulk commodity sector to maintain normal market order.
The talks came after Premier Li Keqiang chaired the State Council s Executive Meeting on Wednesday, calling for careful analysis of reasons for the recent spate of rapid commodity prices increases and adopting measures in a targeted and holistic approach to ensure the supply of commodities and keep their prices stable.