On May 25, the National Development and Reform Commission issued the “Notice on the Action Plan for Deepening the Reform of the Price Mechanism during the “14th Five-Year Plan” Period, in which the statement about “cotton price” is: improve the cotton target price policy, improve the risk Sharing mechanism, reasonably adjust the cotton target price level, and continue to explore new and sustainable support policies.
Provinces, autonomous regions, municipalities directly under the Central Government, Development and Reform Commission of Xinjiang Production and Construction Corps:
In order to thoroughly implement the spirit of the Fifth Plenary Session of the 19th CPC Central Committee and the deployment of the “Outline” of the “14th Five-Year Plan”, deepen the price mechanism in key areas during the “14th Five-Year Plan” period reform and formulate this action plan.
1. Overall requirements
Guided by Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, we must thoroughly implement the 19th National Congress of the Communist Party of China and the Second and Second Central Committee of the 19th Central Committee of the Communist Party of China. In the spirit of the plenary sessions of the Third, Fourth and Fifth Central Committees, we shall base ourselves on the new development stage, implement new development concepts, build a new development pattern, adhere to the general tone of the work of seeking progress while maintaining stability, take promoting high-quality development as the theme, and deepen supply-side structural reform The main line is to take reform and innovation as the fundamental driving force, meet the people’s growing needs for a better life as the fundamental purpose, coordinate development and security, adhere to the market orientation, adhere to the system concept, and focus on supporting the goals of “carbon peaking and carbon neutrality” Realize, promote resource conservation and environmental protection, improve the quality of public service supply, better protect and improve people’s livelihood, deepen price reform, improve price control mechanisms, improve price governance capabilities, and ensure that the overall price level operates within a reasonable range.
By 2025, the prices of competitive fields and links will be mainly determined by the market, the scientific pricing mechanism of network-type natural monopoly links will be fully established, the energy resource price formation mechanism will be further improved, and the price control mechanism of important people’s livelihood commodities will be more complete. Public service pricing policies have been basically improved, and a price policy system that meets the requirements of high-quality development has been basically established.
2. Strengthen and improve price control
(1) Improve the monitoring, forecasting and early warning system. Use modern information technology to improve the price monitoring, forecasting and early warning system, and improve the price monitoring and analysis system and risk early warning framework. Dynamically track and analyze domestic and foreign market situations, monitor the production, transportation, sales, cost, and price dynamics of key commodities in an integrated manner, strengthen comprehensive research and judgment and trend analysis, and strengthen risk assessment and prediction and early warning. Deepen cooperation with industry associations and market institutions to improve the scientific nature of analysis and forecasting.
(2) Strengthen price control of important people’s livelihood commodities. Implement the requirements for improving the price control mechanism for important people’s livelihood commodities, insist on paying equal attention to “raising” and “lowering”, focusing on pre-adjustment and fine-tuning, improving the emergency control mechanism, improving control capabilities, and effectively ensuring the supply of grains, oils, meat, eggs, vegetables, fruits, milk, etc. Prevent price fluctuations. Establish a price range control system, improve control methods focusing on reserve control and import and export control, and strengthen counter-cyclical adjustment of important livelihood commodities such as pigs. Strengthen the coordinated linkage between prices and subsidies, reserves, insurance, finance and other policies.
(3) Adhere to and improve the price support policy. We must adhere to the policy framework of the minimum purchase price for rice and wheat, strive to enhance policy flexibility and elasticity, reasonably adjust the minimum purchase price level, effectively protect farmers’ interests and enthusiasm for growing grain, ensure stable grain production, and at the same time give full play to the role of market mechanisms to promote high-quality Excellent price. Improve the cotton target price policy, improve the risk sharing mechanism, reasonably adjust the cotton target price level, and continue to explore new and sustainable support policies. Further strengthen the cost investigation of agricultural products to provide support for formulating price policies.
(4) Prepare for changes in commodity prices. Strengthen the tracking and analysis of market dynamics and price situations of bulk commodities such as iron ore, copper, crude oil, natural gas, corn, soybeans, and edible oils, conduct in-depth research and judgment on imported impacts, and promptly propose comprehensive control measures such as reserves, import and export, fiscal and taxation, and finance. Suggestions are made to encourage relevant parties to do a good job in ensuring supply and stabilizing prices.
(5) Strengthen market expectation management. Establish and improve the expectation management system. Focus on the overall price level and key commodities to improve the foresight and foresight of expectation management; innovate and enrich expectation management methods, and strengthen two-way communication and information exchange between the government and the market by interpreting positive changes in market fundamentals, government measures to ensure supply and stable prices, etc. , releasing positive signals and reasonably guiding market expectations. Standardize the compilation and release of price indexes.
3. Deeply advance energy price reform
(6) Continue to deepen electricity price reform. Further improve the price formation mechanism for provincial power grids, regional power grids, inter-provincial and inter-regional special projects, and incremental distribution networks, and accelerate the rationalization of the power transmission and distribution price structure. Continue to deepen the market-oriented reform of grid-connected electricity prices for coal-fired power generation, gas-fired power generation, hydropower, nuclear power, etc., improve the price formation mechanism for wind power, photovoltaic power generation, and pumped hydropower, and establish a new energy storage price mechanism. We will steadily advance the reform of sales electricity prices, promote commercial electricity users to enter the electricity market in an orderly manner, and improve the tiered electricity price system for residents.
(7) Continuously improve the green electricity price policy. Improve the differences for industries with high energy consumption and high emissionsIt is an important procedure for the government to formulate and adjust prices, formulate and improve industry-specific cost supervision and review methods and supervision and review operating procedures, and explore the establishment of a standard cost system. Organize and carry out cost supervision and review in key areas such as power transmission and distribution and natural gas pipeline transportation. Strengthen the restrictive role of cost supervision and review, and gradually introduce a cost incentive mechanism. Establish a unified national cost supervision and inspection information system.
(18) Ensure the bottom line of people’s livelihood. We must grasp the timing and intensity of reform, fully study and demonstrate social affordability, do a good job in risk assessment, and improve supporting measures to protect people’s livelihood. Timely launch the linkage mechanism between social assistance and security standards and price increases to effectively protect the basic lives of people in need.
(19) Improve the rule of law on prices. Carry out post-assessment of price laws and regulations, improve the price legal system, and promote the mechanization and institutionalization of price management. Revise the pricing catalog as appropriate. Promote and improve systems and measures in the fields of price monitoring, early warning, price certification and other fields. Study and improve the system and regulations to curb profiteering.
(20) Strengthen capacity building. Strengthen the study of political theory, actively carry out professional training, strengthen the staffing of cadres, enrich the work force, and improve the price work ability. Strengthen the construction of cost supervision and inspection, price monitoring, and price certification teams, adhere to integrity and innovation, and improve the service center’s ability to serve the overall situation. Make full use of third-party forces to strengthen research on major issues, basic theories and forward-looking policies in the field of price.
All localities are requested to formulate specific plans based on actual conditions, solidly promote the reform of the price mechanism during the “14th Five-Year Plan” period, and ensure that all key tasks are implemented in place.
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