China to speed up constructing market index system

China to speed up constructing market index system

中国将加快构建市场指数体系

Officials of the Ministry of Commerce(MOC)said at the “2010 Market Index Work Meeting”held recently that MOC will go on replying on large commodity trading market organizations to publish market indexes，and when conditions are ripe， China will launch market indexes for major staple commodities one by one to form a complete market index system.

The market index s y stem of MOC consists of performance index， price index， sale index， order index，and inventory index.Some of these indexes are compiled from the basic data collected by MOC urban－rural market information monitoring system，such as edible farm produce price index，and capital goods price index；while the others are compiled from the basic data collected by representative large commodity trading markets， such as Yiwu Small Commodities Index， Keqiao Textile Index， China Shengze Silk and Chemical Fiber Index， and Zhongguancun Electronic Information Products Index.

Currently， MOC urban-rural market statistics monitoring system covers more than 20，000 sample enterprises from 22 distribution sectors including wholesale， retail sale， and catering， reaching 99%of Chinese prefecture cities and 65% of Chinese counties.

Compared with international famous market indexes such as the Mediterranean Shipping Index，China's MOC market index system has its own features.The Mediterranean Shipping Index is a leading index focusing on forecast of the future market；while China's MOC market index system is a leading indicator as well as a synchrony indicator and a lagging indicator with focus on the present conditions of the market and can provide objective and true information for decision making by market players.

In order to adapt to the change of economic situation both at home and abroad and meet the requirements of industrial development， MOC is adoping various measures to enrich the contents of market indexes，improve existing indexes,and speed up development and utilization of indexes.