For the 9th time in just 5 days, China's top economic planner announced today that it will take additional measures to stabilize commodity prices.
First of all, the National Development and Reform Commission says, 6 regulatory groups will be sent out to 18 provinces and municipalities to inspect commodity prices, focusing on the price of cotton and refined oil.
Last week, China released 8.5 million tonnes of state-reserve grain and cooking oil to ensure adequate supply. The NRDC says it will release even more in the coming months. They're also keeping a close eye on coal, electricity and refined oil, for adjustments as well.
Source: CNTV.cn
