China prohibits bidding up raw material prices to support economic growth [CORRECTED]

China’s central government has implemented measures in the past few months to curb the bidding up of raw material prices, to support the development of industrial companies.

Market participants expect this policy will result in caps on the prices of steel and its raw materials, because they are the major raw materials used by industrial companies.

“Some...

Published

Jessica Zong

May 30, 2022

10:55 GMT

Shanghai