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China Should Further Curb Commodity Speculation: Herald

CHINA PRESS
MNI (Singapore)

China must strictly curb hoarding commodities or speculating in futures while boosting supply to tame surging prices of industrial commodities such as iron ore and coal, said the 21st Century Business Herald in an editorial. Ensuring sufficient coal supply is critical to avoid power outages as consumption peaks in the summer, the newspaper said. China should also maintain a safety margin with thermal or nuclear power amid its push for carbon neutrality, it said. Green energy supply, easily affected by weather, can be unstable and used by speculators, which can trigger inflation expectation, the newspaper said.

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