CHINA-ECONOMY: FINANCIAL STABILITY MEETING ON APRIL 8 DISCUSSES STABILISING COMMODITY PRICES

Vice Premier Liu He chaired a meeting of the important Financial Stability and Development Committee (FSDC) on April 8. The meeting stressed protecting people’s jobs and said “Employment is the livelihood of the people” and that “The primary goal of macro policy is protecting employment and protecting companies [that employ people].” Liu He said regulators can help by keeping prices stable – particularly bulk commodity prices; helping companies to survive and thrive; and supporting private small, medium, and micro businesses

(Comment: Analysts pointed out that stabilizing commodities prices is a new agenda item and indicates that top leaders are worried about inflationary pressures if high commodities prices and a spike in PPI are passed on to consumers. The potential for inflation is clearly a growing concern.)






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