China will strengthen monitoring of changes in key international and domestic commodity markets and important consumer goods markets, increase the supply of important consumer goods and stablize prices and fully implement the national food security strategy, said Li Chunlin, the deputy director of the National Development and Reform Commission (NDRC).
The authority will step up the efforts to ensure the supply and price stability of major commodities such as energy, stabilize coal production, strengthen reserve capacity, and guide coal prices to operate within a reasonable range, said Li.
China will increase exploration and development of domestic oil and gas and mineral resources, increase reserves and production, and enhance supply guarantee capabilities.
China will further strengthen market regulation of spot and futures markets and crack down on illegal activities such as hoarding and price manipulation, he said.