China Wrestles with Runaway Commodity Prices

Soaring manufacturers’ inflation has not been passed onto consumers yet

Shoppers and staff are seen in a cosmetic store at a mall in Beijing, China, on April 18, 2021. (Kevin Frayer/Getty Images)
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News Analysis China is looking to put a dent in the global commodities boom of 2021. The price of China’s industrial commodities fell last week after Beijing announced new measures to curb runaway material prices that are beginning to fan fears of inflation. A rebound in the world’s biggest economies following the CCP (Chinese Communist Party) virus outbreak has caused a spike in global demand for materials, causing prices to skyrocket in 2021. The
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