China's state planner issues action plan to strengthen commodity price controls in next five years

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China's top economic planner on Tuesday released an action plan for strengthening price mechanism reform during the 14th Five-Year Period (2021-25), stressing the need to better respond to the price fluctuations on iron ore, copper, corn and other bulk commodities.

China will step up monitoring and analysis of prices of commodities such as crude oil, natural gas and soybean, the National Development and Reform Commission (NDRC) said in the statement.

“Local governments should study and judge the impact in depth, promptly respond to matters such as reserves, import and export, fiscal and . . .

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