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Xinhua: China Should Have More Say on Global Pricing

Xinhua reported that the Deputy of the Development and Reform Commission, Ren Pengseng, said at the China Price Forum that China should fight for more say on the pricing of bulk commodities on the global market.

Ren claimed that the Chinese economy started recovering this year, but the recovery is not reliable and the pressure of structural adjustments is mounting up. Liquidity is ample and the level of prices tends to increase. In order to improve the price control and adjustment system, it is important to enhance monitoring and reserving mechanisms and price adjustment funds.

Source: Xinhua, July 30, 2009.