China orders state-owned enterprises to regulate overseas commodities trading |
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China orders state-owned enterprises to regulate overseas commodities trading |
 Jun 17 2021, 04:59 AM
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 Foreign media reported citing sources that The Chinese government has upgraded its raw material price control measures. by expanding the scope of regulated commodity trading by state-owned enterprises in foreign markets and prepares to reveal the country's base metal stocks The source stated that The China State Enterprise Regulatory and Administration Commission (SASAC) has instructed state-owned enterprises to control risks and limit trading in foreign commodities. The state enterprise must report the status of futures trading to SASAC for inspection. China's National Food สล็อต Resources Administration and Strategy to disclose domestic metal stocks This includes copper, aluminum and soon zinc. China has been trying to curb inflationary pressures that have affected economic recovery. Commodities such as copper, iron ore and coal soared to their highest levels last month. because demand is higher than supply and the global economy gradually recovering The move by the Chinese government has raised concerns that Factory in China will have to bear the higher costs for consumers. which will ultimately damage the economy. |
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