Chinese State Cabinet steps in to stop 'unreasonable' commodity price hikes

A strategy to cool down commodity price spikes was top of the agenda China's weekly State Cabinet meeting on Wednesday May 19.

Chaired by China's second most powerful politician, Premier Li Keqiang, the cabinet meeting discussed control measures to rein in the “unreasonable price rally”, including ensuring sufficient supplies of main commodities.
The aim is to prevent the rising costs passing over to consumers, the State Cabinet said. 
Key measures include tax waivers and access to credit for small and micro enterprises that are challenged by soaring production costs. 

Meanwhile, to ensure...


Julian Luk

May 19, 2021

16:06 GMT