CHINA'S top economic planner announced on Tuesday the action plan for strengthening price mechanism reform during the 14th Five-Year Plan (2021-25), highlighting the need to well responding to the price fluctuations on iron ore, copper, corn and other bulk commodities as part of the efforts to help achieve the national strategic goal of 'carbon peak, carbon neutral.'

The first of its kind addressing bulk commodities market regulation for next five years, the plan places special emphasis on further strengthening price regulation and market expectation management concerning people's livelihood ranging from eggs and wheat to cotton and iron ore.