Chinese commodity prices fall as authorities warn of ‘excessive speculation’
by Richard Partington from World news | The Guardian on (#5J6GN)
Authorities in China say they will take a zero tolerance' approach to monopoly behaviour and hoarding
China has signalled a crack down on excessive speculation" that is pushing up the price of raw materials including iron ore and copper, amid mounting concerns over rapid growth in inflation.
Against a backdrop of soaring raw material costs as several big economies relax Covid-19 restrictions, China's National Development and Reform Commission (NDRC) said it would show a zero tolerance" approach for monopoly behaviour and hoarding by commodities firms.
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