Politburo of the CPC Central Committee: do a good job in ensuring commodity supply and stabilizing prices. Monetary policy keeps liquidity reasonable and abundant.

On July 30, the political Bureau meeting of the CPC Central Committee was held to analyze and study the current economic situation and make arrangements for economic work in the second half of the year. The meeting pointed out that the current global epidemic is still evolving, the external environment is becoming more complex and severe, and the domestic economic recovery is still unstable and uneven. It is necessary to do a good job in the cross-cyclical adjustment of macro policies, maintain the continuity, stability, and sustainability of macro policies, coordinate the convergence of macro policies this year and next, and keep the economy running within a reasonable range. A proactive fiscal policy should enhance the effectiveness of the policy, firmly grasp the bottom line of the "three guarantees" at the grass-roots level, and reasonably grasp the progress of budgetary investment and local government bond issuance, so as to promote the formation of a physical workload at the end of this year and early next year. A prudent monetary policy should maintain reasonable and abundant liquidity and help small and medium-sized enterprises and difficult industries to continue to recover. It is necessary to enhance macro-policy autonomy and keep the RMB exchange rate basically stable at a reasonable and balanced level. We will do a good job in ensuring the supply and price of commodities.

[SMM Today's News] all the important information about the metal market is here: iron ore fell by more than 8%, and these stocks soared!