China accesses state reserves to curb rising commodity prices

RIO DE JANEIRO, BRAZIL – China has decided to tap into its huge public and secret reserves as part of a campaign to curb rising commodity prices.

The country plans to increase pork stocks to tighten market control, while authorities call for faster construction of coal reserve infrastructure and consider setting a price cap due to soaring prices in the country. ‘energy.

The latest measure targets base metals: China plans to offer copper, aluminum and zinc directly to end users to cool the rally, according to people familiar with the matter who declined to be identified.

Raw materials are at their highest level. . .

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About Natalee Broderick

Natalee Broderick

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