Zhongxin Finance, Feb. 24. On the 24th, the National Development and Reform Commission held a press conference to introduce the further improvement of the coal market price formation mechanism.

Wan Jinsong, director of the Price Department of the National Development and Reform Commission, said that the reasonable range of coal prices is not government pricing, but is essentially a means of expected management and a goal of coal price regulation.

  Wan Jinsong said that the further improvement of the coal market price formation mechanism this time is neither a return to government pricing nor laissez-faire.

When the coal price is within a reasonable range, give full play to the role of the market mechanism, let market entities trade independently to form prices, and government supervision must be “in place and not offside”, and improper administrative intervention shall not be carried out; once the price exceeds a reasonable range, regulatory measures shall be taken immediately , to promote the return of coal prices to a reasonable range.

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