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China Targets Commodity Prices

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ECONOMIC BATTLEFRONT
"Chinese leaders, concerned that foreign suppliers are inflating commodity costs, are using their three futures exchanges to fight back," according to the Wall Street Journal. "An expanding list of 21 commodities traded on China's exchanges includes many of the goods imported in vast quantities by the world's fastest-growing major economy. China buys 10% of all crude oil, 30% of copper output and 53% of the world's soybeans, according to Barclays Capital."

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