Core Tip: According to the news on the evening of May 26 on the China Government Network, Premier Li Keqiang presided over an executive meeting of the State Council on the same day to deploy further support for the relief and development of small and micro enterprises and individual industrial and commercial households. The meeting once again paid attention to issues such as rising raw material prices, and the meeting demanded to crack down on acts such as hoarding raw materials and driving up prices.

And this is the third time in 14 days that the executive meeting of the State Council has paid attention to the issue of rising prices of bulk commodities and raw materials.

At the executive meeting of the State Council on May 12, it was mentioned that it is necessary to track and analyze domestic and foreign situations and market changes, make market adjustments, and deal with the rapid rise in commodity prices and their associated effects. Strengthen the coordination of monetary policy and other policies to keep the economy running smoothly.

The executive meeting of the State Council on May 19 pointed out that it is necessary to make arrangements to ensure the supply and price of bulk commodities and keep the economy running smoothly. The policy involves multiple measures to strengthen the two-way adjustment of supply and demand, strengthen market supervision, maintain the stability of monetary policy and maintain the basic stability of the RMB exchange rate at a reasonable and balanced level. Help market entities, especially small and micro enterprises and individual industrial and commercial households, to cope with production and operation difficulties such as rising costs.

The executive meeting of the State Council on May 26 pointed out that multiple measures will be taken to help small and micro enterprises and individual industrial and commercial households cope with the impact of upstream raw material price increases. Support large enterprises to build a supply and demand docking platform for key industries and industrial chains, and use market-oriented methods to guide the upstream and downstream of the supply chain to stabilize the supply of raw materials and support production and sales, and ensure supply and price. Crack down on hoarding and price gouging.

In addition, the meeting also called for further enforcement of anti-monopoly and anti-unfair competition law enforcement, and investigating and punishing enterprises with dominant positions in order to seize market share for malicious subsidies and low-price dumping.

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