BEIJING, Could 25 (Reuters) – China will strengthen value controls of key commodities in its 14th five-year plan from 2021 to 2025, planning to deal with irregular fluctuations within the costs of things resembling iron ore, copper and corn, the state planner mentioned on Tuesday.
The Nationwide Growth and Reform Fee mentioned China would follow its minimal buy value coverage framework for rice and wheat, guarantee provide and stabilise costs.
It added that it will undertake the pricing mechanism for pumped storage and promote value reforms in distribution and transmission of electrical energy.
(Reporting by Min Zhang, Hallie Gu, Muyu Xu and Shivani Singh; Enhancing by Clarence Fernandez)
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