National Bureau of Statistics: China's supply capacity in the commodity and service market is sufficient, and the foundation for maintaining price stability has not changed.

The State Council Information Office held a press conference at 10:00 am on March 16th. Fu Linghui, spokesperson of the National Bureau of Statistics, chief economist, and director of the Department of Comprehensive Statistics of the National Economy, stated that the reasonable rise in consumer prices is beneficial for improving business operations, promoting employment and income growth for residents, and also conducive to economic circulation. Looking ahead, despite recent fluctuations in international energy prices which may have some input impact on domestic prices, China's market supply of goods and services remains sufficient, and the foundation for price stability has not changed. With the implementation of more proactive and effective macroeconomic policies, continued expansion of domestic demand, optimization of supply, the formulation and implementation of plans to increase incomes for urban and rural residents, the cultivation of new consumption scenarios, further improvement of the consumption environment, will contribute to a continued improvement in the price situation.