CCTV News:The National Bureau of Statistics released the main economic indicators of China in April yesterday (May 16th). Fu Linghui, a spokesperson, said that China has a stable food price and a stable energy supply. The supply capacity of most industrial consumer goods in China is sufficient, which has laid a solid foundation for product price stability. Generally speaking, China has a good foundation for price stability.
China’s grain production has been stable at more than 1.3 trillion Jin for seven consecutive years, and its inventory is relatively sufficient. The output of two kinds of rations, rice and wheat, has exceeded the demand for many years in a row, and a small amount of imports are mainly for variety adjustment. Corn and soybean have a certain import volume, which will be affected by the international market to a certain extent, but the impact is limited. Since the beginning of this year, China’s grain production situation has continued to improve, and there is a good foundation for maintaining stable grain prices. China’s oil and natural gas exploitation ratio is relatively high, and the rising price of international energy products will increase the import cost to a certain extent, bring import influence to some industries, and increase the pressure of cost-driven price increase.
Fu Linghui, spokesperson of the National Bureau of Statistics:China’s main energy source is coal, while China’s coal reserves are relatively rich and its production capacity is strong. With the gradual release of advanced coal production capacity, it is also conducive to curbing the rise in energy prices. Judging from the situation in April, the year-on-year price increase of China’s coal mining and washing industry dropped by 0.5 percentage points from last month. In April, China’s coal output increased by 10.7% year-on-year.