Business
Blowing off steam: China wants commodity prices to tumble but its hands may be tied – Sydney Morning Herald
China can issue as many threats as it likes but it can’t do much about the underlying fundamentals of supply and demand for commodities like iron ore without risking…
The Biden administration in the US has, however, embarked on a far more aggressive and expansive spending program than Chinas, and now that a recovery in Europe seems to be gaining traction, other major economies are now adding to the swelling demand for the raw materials of industrial activity.
Chinas cant address its contribution to the demand side of the supply-demand equation without slowing its economic growth rate, although it can fiddle at the margins.
China and other commodity-consuming…
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