- Chinese NDRC Vice Head: Commodity price stability is critical to the economy
Market news
Chinese NDRC Vice Head: Commodity price stability is critical to the economy
“Commodity price stability is critical to the economy, many measures previously used to stabilize prices in 2021,” Ning Jizhe, Deputy Head of the National Development and Reform Commission (NDRC) said on Monday.
Additional takeaways
Able to achieve consumer price inflation target in 2022.
Will step up efforts to stabilize domestic grain prices.
Will widen market access for foreign investors.
Will speed up launch of key foreign investment projects.
Oil, coal, LNG and grain prices are very high at the moment, creating a challenge to stabilize prices, but we are confident that we can.
China will not resort to flood-like stimulus.
China will be able to avoid side-effects of economic policies to support growth.
Will enhance policy coordination, speed up policies favourable for growth, avoid policies with contractionary effects.
China's economy resilient despite rising uncertainties caused by the Ukraine crisis.
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