China sees using commodities futures as a long-term strategy for keeping raw material prices low, the Wall Street Journal reported. Zhou Zhenqing, a member of the financial and economic committee of the National People's Congress, said developing futures markets to control prices for bulk commodities was essential for competitiveness. The Shanghai, Dalian and Zhengzhou futures exchanges have been restructured to concentrate on bulk commodities and are considered among the most modern parts of China's financial system.
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