Wang Jiangping, Vice Minister of Industry and Information Technology, said at a regular policy briefing of The State Council held by the State Information Office on the 1st. Since this year the The sharp rise in raw material prices has put pressure on smes. The Ministry of Industry and Information Technology will strengthen operational monitoring to stabilize market expectations and coordinate efforts to cope with the impact of rising raw material prices on smes. Xiong Maoping, deputy director of the State Administration for Market Regulation, also said at the meeting that joint supervision will be implemented to protect the legitimate rights and interests of micro, small and medium-sized enterprises and individual industrial and commercial households.

Wang Jiangping said that the sharp rise in raw material prices has put pressure on downstream enterprises. In particular, most small and medium-sized enterprises are in the middle and downstream of the industrial chain, and their transmission and digestion capacity of cost pressure is weak, and they are affected. The MIIT will strengthen operation monitoring to stabilize market expectations, cooperate with relevant departments to resolutely crack down on malicious speculation and price gouging, and promote upstream and downstream enterprises in the industrial chain to establish long-term and stable cooperative relations to jointly cope with the risk of market price fluctuations. The State Administration for Market Regulation will closely track price trends, strengthen early warning analysis, and take proactive measures to continue to release the signal of strong supervision and maintain market price order, Xiong said. At the same time, we will ensure the implementation of rescue policies for small and medium-sized enterprises and ease the impact of rising raw material prices on small and medium-sized enterprises.