China vows to ensure supply, stabilize prices of daily necessities

 China's top economic planner, in coordination with other government departments, has unveiled measures to ensure stable supply and prices of daily necessities and assistance to people in need ahead of the Spring Festival.

The National Development and Reform Commission (NDRC) said Wednesday that efforts will be made to ensure sufficient supply by strengthening agricultural production and streamlining logistics for fresh produce.

To stabilize prices, the NDRC said it will ensure the timely release of government vegetable reserves and strengthen market supervision to prevent hoarding and price gouging.

Support for low-income groups will be enhanced, including temporary subsidies linked to price increases, according to the commission.

The NDRC said that China has a solid foundation for market stability, with sustained grain output and sufficient production of meat, eggs and vegetables.