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Beijing brings together the highest economic institutions and announces a crackdown to counter the rise in commodity prices. Metal prices are cooling down for now, but there are doubts about the effectiveness of the measures
by Sissi Bellomo
The price increases of raw materials become a state affair in China where the government has called together institutions and companies to study actions to combat the surge in production costs, threatening “zero tolerance” against all forms of speculation and hoarding.
The National Commission for Development and Reforms took part in the summit, organized on Sunday 23rd, a powerful guiding body of the Chinese economy, flanked by the body that controls state-owned companies, the ministry …