The National Standing Committee will strike hard!!

Global Coatings Network, May 20th: The State Council executive meeting held on May 19th proposed to deploy the work of ensuring the supply of bulk commodities and maintaining the stable operation of the economy.

Global Coatings Network, May 20th: The State Council executive meeting held on May 19th proposed to deploy the work of ensuring the supply of bulk commodities and maintaining the stable operation of the economy.

 

 

 

This is the second time that the regular meeting of the State Council "calls" the price of bulk commodities in 7 days!

This is the second time that the regular meeting of the State Council "calls" the price of bulk commodities in 7 days!

 

 

The executive meeting of the State Council held on May 12 requested to track and analyze the domestic and foreign situation and market changes, and effectively respond to the excessively rapid rise in commodity prices and its collateral effects.

The executive meeting of the State Council held on May 12 requested to track and analyze the domestic and foreign situation and market changes, and effectively respond to the excessively rapid rise in commodity prices and its collateral effects.

 

On May 19 , presided over an executive meeting of the State Council.

On May 19 , presided over an executive meeting of the State Council.

 

First, we must take multiple measures to strengthen the two-way adjustment of supply and demand.

First, we must take multiple measures to strengthen the two-way adjustment of supply and demand.

 

Implement policies such as raising export tariffs on some steel products, implementing zero import tentative tax rates for pig iron and scrap steel, and canceling export tax rebates for some steel products, so as to promote increased domestic market supply.

Implement policies such as raising export tariffs on some steel products, implementing zero import tentative tax rates for pig iron and scrap steel, and canceling export tax rebates for some steel products, so as to promote increased domestic market supply.

 

Second, we must strengthen market supervision.

Second, we must strengthen market supervision.

 

Give full play to the role of industry associations and strengthen industry self-discipline.

Give full play to the role of industry associations and strengthen industry self-discipline.

 

Third, we must maintain the stability of monetary policy and the basic stability of the exchange rate at a reasonable and equilibrium level, and rationally guide market expectations.

Third, we must maintain the stability of monetary policy and the basic stability of the exchange rate at a reasonable and equilibrium level, and rationally guide market expectations.

 

Help market players, especially small and micro enterprises and individual industrial and commercial households, cope with production and operation difficulties such as rising costs.
Implement the tax reduction and exemption policies for small and micro enterprises and individual industrial and commercial households, and fully refund the incremental value-added tax credits for advanced manufacturing enterprises on a monthly basis, and streamline the procedures for enjoying preferential tax policies.
Implement direct monetary policy tools, increase re-lending and rediscount to support inclusive finance, implement policies such as small and micro enterprise financing guarantees, fee reductions, and subsidies, and guide banks to expand credit loans.

Help market players, especially small and micro enterprises and individual industrial and commercial households, cope with production and operation difficulties such as rising costs.
Implement the tax reduction and exemption policies for small and micro enterprises and individual industrial and commercial households, and fully refund the incremental value-added tax credits for advanced manufacturing enterprises on a monthly basis, and streamline the procedures for enjoying preferential tax policies.
Implement direct monetary policy tools, increase re-lending and rediscount to support inclusive finance, implement policies such as small and micro enterprise financing guarantees, fee reductions, and subsidies, and guide banks to expand credit loans.

 

 

 

 

On May 17, the spokesperson of the National Bureau of Statistics stated at a press conference of the State Council Information Office that the short-term rise in international commodity prices may put some pressure on the production and operation of some downstream enterprises.
Regarding the impact of the increase in PPI, Fu Linghui said that price increases are conducive to the improvement of corporate efficiency as a whole, but the pressure on downstream industries needs to be paid attention to.
Effective measures will be taken in the follow-up to strengthen the regulation of the raw material market.

On May 17, the spokesperson of the National Bureau of Statistics stated at a press conference of the State Council Information Office that the short-term rise in international commodity prices may put some pressure on the production and operation of some downstream enterprises.
Regarding the impact of the increase in PPI, Fu Linghui said that price increases are conducive to the improvement of corporate efficiency as a whole, but the pressure on downstream industries needs to be paid attention to.
Effective measures will be taken in the follow-up to strengthen the regulation of the raw material market.

On May 18, the director and spokesperson of the Policy Research Office of the National Development and Reform Commission stated at a press conference of the National Development and Reform Commission that at present, the National Development and Reform Commission and the State Administration for Market Regulation are jointly investigating market conditions such as steel and iron ore to further understand industry trends.
In the next step, we will continue to work with relevant departments to continuously strengthen monitoring and early warning, strengthen market supervision, and take targeted measures to effectively maintain market stability.

On May 18, the director and spokesperson of the Policy Research Office of the National Development and Reform Commission stated at a press conference of the National Development and Reform Commission that at present, the National Development and Reform Commission and the State Administration for Market Regulation are jointly investigating market conditions such as steel and iron ore to further understand industry trends.
In the next step, we will continue to work with relevant departments to continuously strengthen monitoring and early warning, strengthen market supervision, and take targeted measures to effectively maintain market stability.

On the same day, the first member meeting of the fourth session of the Raw Material Working Committee of China Iron and Steel Association was held in Shanghai.
The meeting emphasized that the next step is to focus on accelerating the expansion of the supply of iron elements, optimizing the iron ore pricing mechanism, researching and establishing new pricing mechanisms, improving the pricing mechanism of coking coal medium and long-term contracts, and continuing to cooperate with relevant ministries and commissions to further strengthen research and analysis.
Promote the implementation of related work as soon as possible.

On the same day, the first member meeting of the fourth session of the Raw Material Working Committee of China Iron and Steel Association was held in Shanghai.
The meeting emphasized that the next step is to focus on accelerating the expansion of the supply of iron elements, optimizing the iron ore pricing mechanism, researching and establishing new pricing mechanisms, improving the pricing mechanism of coking coal medium and long-term contracts, and continuing to cooperate with relevant ministries and commissions to further strengthen research and analysis.
Promote the implementation of related work as soon as possible.

Earlier, the central bank pointed out in the latest monetary policy implementation report that recent global commodity prices and inflation indicators in major economies have shown an upward trend.
Regarding the reasons for the rise in global commodity prices and inflation, the central bank stated that there are three main driving factors: one is the large-scale stimulus plan introduced by the governments of major economies; second, the overseas epidemic has rebounded significantly, and there are still constraints on the supply side; third, global liquidity The environment continues to be extremely relaxed.
The central bank emphasized that at present, the influence of the above three factors is difficult to eliminate in the short term, and the global inflation center may continue to rise moderately for a period of time.

Earlier, the central bank pointed out in the latest monetary policy implementation report that recent global commodity prices and inflation indicators in major economies have shown an upward trend.
Regarding the reasons for the rise in global commodity prices and inflation, the central bank stated that there are three main driving factors: one is the large-scale stimulus plan introduced by the governments of major economies; second, the overseas epidemic has rebounded significantly, and there are still constraints on the supply side; third, global liquidity The environment continues to be extremely relaxed.
The central bank emphasized that at present, the influence of the above three factors is difficult to eliminate in the short term, and the global inflation center may continue to rise moderately for a period of time.
The central bank emphasized that at present, the influence of the above three factors is difficult to eliminate in the short term, and the global inflation center may continue to rise moderately for a period of time.