Guangdong is an influential production base and trading market in China. However, the province lacks resources and its product price changes often along with the raw material price fluctuation. An e-price platform will reflect the commodities market demand or trend in a certain period promptly and help the businessmen and enterprises from home and abroad make better trading decisions.

These Guangdong price indexes cover production, processing, trade, logistics and market capacity and help the province win advantage in price setting, said Li Huiwu, consultant of Guangdong Price Initiative, and Deputy Director of Development Research Center of Guangdong Provincial Government.

Although having a favorable place in international economic cooperation system, Guangdong should still take the initiative in pricing to boost the industrial restructuring and optimizing, technology upgrading as well as market competiveness.

Consistent efforts should be made to take the initiative in Guangdong Price, Li Huiwu said. Market and business information, market demand and trend, different industries in-depth price analysis and forecasting should be carefully chosen and reported.  Major sectors of the platform include the volume and value of trade goods, business climate index, the industry analysis and forecasting, and warning information etc.

Expert Introduction

Li Huiwu: Deputy Director of Development Research Center of Guangdong Provincial Government.

He is also a guest professor to Guangdong Provincial Committee Party School of C.P.C., a guest research fellow of Guangdong Academy of Social Science and Vice Chairman of Guangdong Economics Society.

(By Mo Qun)

Source: english.gdprice.org

Editor: Miranda