China unveils new policies to promote steady growth of industrial economy
2022-02-23 16:08:14 [Print]
The National Development and Reform Commission (NDRC) and other regulators of China jointly drafted a number of new policies in an effort to promote the steady growth of the country's industrial economy.
The NDRC said the authorities would ensure supply and stabilize prices of primary products and key raw materials, including iron ore and fertiliser. They also pledged to strengthen futures and spot market supervision of commodities and reinforce price monitoring. The policy-making body said it will encourage companies to invest in certain domestic iron ore and copper projects and boost the use of renewable resources such as scrap steel and nonferrous metals.
The state planner also said it would push state-owned banks to lend more to manufacturers and support major projects to cut carbon emissions.
The NDRC said the authorities would ensure supply and stabilize prices of primary products and key raw materials, including iron ore and fertiliser. They also pledged to strengthen futures and spot market supervision of commodities and reinforce price monitoring. The policy-making body said it will encourage companies to invest in certain domestic iron ore and copper projects and boost the use of renewable resources such as scrap steel and nonferrous metals.
The state planner also said it would push state-owned banks to lend more to manufacturers and support major projects to cut carbon emissions.
Copper Conc. TC 25%min CIF China
Unit:USD/mt
China copper concentrate producers' sales to production ratio statistics by province by month
Unit: %
