Abstract : China will act to address the challenges facing the country's small and medium-sized enterprises (SMEs) due to the recent hike in commodity prices, officials said Tuesday.
photo taken on Feb. 19, 2021 shows a cargo ship docking at Meidong Dock
of the Ningbo-Zhoushan port in Ningbo, east China’s Zhejiang Province.
June 1 (Xinhua) — China will act to address the challenges facing the
country’s small and medium-sized enterprises (SMEs) due to the recent
hike in commodity prices, officials said Tuesday.
Jiangping, vice minister of industry and information technology, said
at a press conference that the ministry will step up price monitoring
and work together with other government departments to deal with the
pressure on SMEs brought by the sharp rise in raw material prices.
to multiple factors, especially the seepage of global price rises into
the Chinese market since the beginning of this year, some commodities
have seen an extended price rally, with the prices of some varieties
hitting new records.
sharp rises had an especially big impact on SMEs and individual
businesses, which are yet to fully recover from the COVID-19 impact and
have limited bargaining power, said Chen Zhijiang, an official with the
State Administration for Market Regulation.
market regulator will tighten supervision to punish market speculation
while implementing measures to support SMEs to mitigate the impact of
rising costs, said Xiong Maoping, vice head of the administration.
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Source: China moves to ease pressure of commodity price rises on SMEs