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.
Faces arduous task in promoting recovery in consumption.
Related reads
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.