China warns metal industry of ‘zero tolerance’ for speculation as commodity prices soar

Source: South China Morning PostChina has stepped up efforts to curb skyrocketing raw material costs that pose a threat to economic recovery, summoning representatives of its metal industry at the weekend to warn them against any moves that would bid up prices.The National Development and Reform Commission vowed on Sunday to show “zero tolerance” for illegal activity, including price fixing, spreading false information, hoarding or any speculative activity, according to a statement released after the meeting with the key…Read More

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