Full text: Report on China's economic, social development plan

5. Strengthen price regulation and controls

1) Guaranteeing supplies. We will properly manage the scale, timing and pace of purchasing, stockpiling and selling grains, edible oils, cotton, sugar, pork and chemical fertilizers. We will implement well the reserve system for winter and spring vegetables in major northern cities. We will speed up the building of storage and logistic infrastructure for grains, cotton and other staple agricultural products, vigorously develop cold chain logistics for agricultural products, and promote the renovation and upgrading of wholesale agricultural product markets. We will fully implement the system of provincial governors assuming responsibility for the "rice bag" (grain supply) and city mayors for the "vegetable basket" (non-staple food supply).

2) Improving the price control mechanism. We will earnestly implement the contingency plan for controlling the prices of hogs and continue with trial programs of policy-based insurance for these prices. We will scale up the trial program of policy-based insurance for the prices of basic vegetables, and establish a long-term mechanism to keep vegetable prices stable. We will consolidate and improve the system of price adjustment funds. We will build a price index system for main commodities and services.

3) Strengthening price regulation. We will inspect prices and charges in education, medical care, banking and other sectors. We will clear up and abolish charges that violate regulations. We will work harder to rid monopoly pricing.

4) Improving the mechanism coupling subsidies with prices. We will improve and activate in a timely manner the mechanism to increase social assistance and social security benefits when prices rise to alleviate the impact higher prices have on those in need.