According to reports, Vice Minister of Industry and Information Technology Wang Jiangping said at a regular policy briefing of the State Council held by the State Council Information Office on the 1st that the sharp increase in raw material prices this year has put pressure on small and medium-sized enterprises. The Ministry of Industry and Information Technology will strengthen operational monitoring, stabilize market expectations, and coordinately respond to the impact of rising raw material prices on SMEs. Xiong Maoping, deputy director of the State Administration for Market Supervision and Administration, also stated at the meeting that joint supervision will be implemented to protect the legitimate rights and interests of small, medium and micro enterprises and individual industrial and commercial households.
Wang Jiangping said that the sharp increase in raw material prices has put pressure on downstream companies. In particular, most small and medium-sized enterprises are located in the middle and lower reaches of the industrial chain, and their ability to transmit and digest cost pressures is relatively weak, which has been affected a lot. The Ministry of Industry and Information Technology will strengthen operational monitoring, stabilize market expectations, and cooperate with relevant departments to resolutely crack down on malicious speculation and price hikes. At the same time, it will promote the establishment of long-term and stable cooperative relations between upstream and downstream enterprises in the industry chain to coordinately respond to market price fluctuation risks.
Xiong Maoping said that the State Administration for Market Regulation will closely follow price trends, strengthen early warning analysis, take proactive measures, and continue to release strong supervision signals to maintain market price order. At the same time, we will do a good job in implementing the relief policy for small and medium-sized enterprises to alleviate the impact of rising raw material prices on small and medium-sized enterprises.
Source: Chemical Network
