CCTV News:The relevant person in charge of the National Development and Reform Commission said at the press conference of the State Council Office on March 7 that in the face of this year’s complicated and severe situation, we will adhere to the bottom line thinking, make comprehensive policies and precise regulation, and do our best to ensure the supply and price stability of bulk commodities. China has the conditions, ability and confidence to continue to maintain a stable price operation.
Hu Zucai, deputy director of the National Development and Reform Commission, said that the international commodity price situation has become more severe, complicated and uncertain due to multiple factors, such as the COVID-19 epidemic, the shift of monetary policies in major economies, and especially the intensification of geopolitical conflicts, which has posed new challenges to the domestic work of ensuring supply and stabilizing prices.
Hu Zucai, Deputy Director of the National Development and Reform Commission:On the whole, China has strong economic resilience, large market space and rich policy toolbox, especially the bumper harvest of grain production year after year, sufficient pig production capacity and abundant supply of industrial and agricultural products and services. It is fully qualified, capable and confident to continue to maintain the stable operation of prices, and the annual CPI target of about 3% set in this year’s government work report can be achieved.
Hu Zucai said that this year, we will focus on five aspects: First, we will do a good job in ensuring food supply and price stability to ensure food security. This year, we will stabilize the sown area and output, do a good job in ensuring the supply and price of chemical fertilizers, maintain the sufficient price of grain, make rational use of international resources, strengthen the regulation of reserves, and maintain the balance between supply and demand. Second, do a good job in ensuring energy supply and price stability to ensure energy security. Focus on ensuring coal supply and price stability, improve the price transmission mechanism of coal and electricity, and ensure safe and stable supply. The third is to do a good job in ensuring the supply and price stability of important mineral products such as iron ore to ensure the safety of the supply chain of the industrial chain. The fourth is to keep a close eye on market trends and strengthen market supervision according to law. The fifth is to do a good job in ensuring the basic livelihood of the people in need and firmly grasp the bottom line of people’s livelihood. Guide all localities to conscientiously implement the linkage mechanism of price subsidies, promptly start and fully distribute temporary price subsidies, and effectively protect the basic livelihood of people in need.