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China to boost commodity price supervision, industrial growth -Breaking

by Mike Robinson

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© Reuters. FILEPHOTO: An employee opens the doors of a furnace that heats steel to let out slags in Changning Steel and Iron Factory, Shanxi. March 24, 2010, 2010. REUTERS/Stringer

BEIJING, (Reuters) – China’s state planner, a powerful entity, will ensure that key raw materials are available and stabilize their prices, the agency said Friday. This is part of its efforts to encourage steady industry growth.

It said that the National Development and Reform Commission would strengthen futures and spot markets supervision of commodities and increase price monitoring, in joint statements with other authorities.

In 2022, it also committed to accelerating new infrastructure projects and pushing state-owned bank to loan more manufacturers.

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