Seven Ministries And Commissions Such As The State Council Have Jointly Taken Action To Curb Price Rise.

On November 17th, Premier Wen Jiabao chaired a State Council executive meeting to analyze the current price situation and study policies and measures to stabilize the overall level of consumer prices and safeguard the basic livelihood of the masses.

The meeting pointed out that when necessary, temporary intervention measures should be applied to important daily necessities and production materials.

Interim intervention measures were launched last year, or in 2007.

In November 20th, the State Council officially issued a circular on stabilizing the general level of consumer prices and safeguarding the basic livelihood of the masses. Once again, the effort to stabilize prices was considered to be a concrete measure after studying the deployment of a stable price policy.

A total of 16 measures, known as "16 states".

In the past, "X" is the "treatment" that can be enjoyed by soaring housing prices.

The use of financial instruments is also a cause for concern: in November 19th, the people's Bank of China decided to raise the deposit reserve ratio of financial institutions by 0.5 percentage points.

This is the second time the central bank has raised the deposit reserve ratio in 9 days.

The difference between the increase in the deposit reserve ratio and the previous two consecutive increases is not only the significance of financial and monetary instruments, but also the direct "containment of price increases".

Authoritative media including Xinhua news agency have made an interpretation of "easing inflation pressure".

At present, there are as many as 7 national ministries and commissions to curb prices.

1, the national development and Reform Commission: send the inspection team to the larger price increase areas, conduct inspection and supervision, and stabilize the overall level of consumer prices.

2, the Ministry of Finance: in conjunction with the Ministry of civil affairs, we should guide local governments to appropriately adjust the standard of urban and rural minimum living standard or subsidy level, grant temporary living allowance and one-off subsidy.

3, the Ministry of Railways: committed to overcome difficulties such as tight pport capacity, and fully protect coal and other key material pportation related to the national economy and the people's livelihood.

4, the Ministry of Agriculture: ensure effective supply of agricultural products, grasp the production of winter vegetables and increase the supply of overwintering vegetables.

5, the Ministry of Commerce: formulating a market supply plan for ensuring the daily necessities of life, implementing daily monitoring of vegetable prices and timely placing reserves.

6, SAIC: crack down on hoarding and price raising in the agricultural products market.

7, the State Grain Administration: assign the work inspection team to the main production areas of autumn grain, and increase the intensity of the policy grain market.

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