What Can China Do to Control Record Commodity Prices?
- Efforts complicated by policies to cut output and emissions
- Nation’s fiscal and monetary stance helps determine demand
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The surging cost of commodities to industries and households is a threat to China’s economic growth and the purchasing power of its citizenry.
As prices soar for everything from the copper and steel used in construction, to the coal that heats homes and powers factories, to the corn that feeds animals, what can Beijing do to control the record-breaking rally?