China Economy: Security of energy, food, supply chains – China’s top economic planner sets out main tasks for 2022
Synopsis
China’s economic development is facing pressure from demand contraction, supply shocks, and weakening expectations, and the external environment is becoming increasingly complicated, grim, and uncertain. Under these circumstances, the country’s planning body has zeroed in on half a dozen aspects that will receive priority.
Tang ZiyiEnsuring the security of energy, food, and industrial supply chains and stabilizing prices will be among the main tasks for China’s economic planning agency next year, following a warning by the nation’s top political leaders that supply shocks are one of three main pressures facing the economy. The commitments were set out by the National Development and Reform Commission (NDRC) at a nationwide video meeting Saturday (link in Chinese)
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