China will strengthen both supply and demand management to curb "unwarranted" increases in commodity prices and prevent them from being passed on to consumers, the country's cabinet said Wednesday, according to a report by state broadcaster CCTV.
Commodity prices such as steel, iron ore and copper have surged this year on the back of a rebound from a lockdown and reduced liquidity around the world.
China will step up trade and commodity stockpiling adjustments and strengthen checks in both the spot and futures markets, CCTV reported at a cabinet meeting chaired by Prime Minister Li Keqiang.
According to the cabinet, it will severely crack down on malicious trade and vet price-raising behavior.
According to the Cabinet, China will maintain a stable monetary policy and a generally stable RMB exchange rate.
The Cabinet of Ministers said China will help small and micro-enterprises cope with production and operational difficulties amid rising costs.
"(China) will implement tax cuts or tax exemptions for small and micro enterprises ... increase redistribution, reopen credit and direct banks towards increasing lending," state media said in a statement.
Subscribe to news

Metallurgy news
- Today
13:00 13:00 13:00 12:00 Severstal supported the exhibition of contemporaries of the Great Bruegel in the Plane named after A.S. Pushkin 10:16 The EU gradually departs from US trade with Canada against the backdrop of Trump's power tactics 08:00 One of the largest metallurgical plants in Russia was transferred for a part of financial problems - 30 June 2025
18:00 In 2025, China, the world leader in the production of alumina, increased its export to Russia by 16% to the level of 2024. In May, Russia purchased a record 183 thousand 12:00 Evraz received the OFSI license to sell the North American business
Publications
01.07 Aerated concrete blocks from the company ceramic fest 29.06 Cast iron baths in the Sanok online store 29.06 Caddy battery - the heart of the van that does not tolerate compromises 27.06 Electricity in climatic design 24.06 Asseline reinforcement: why is it necessary and how it is performed