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Global Commodity Rally Won't Cause China Inflation: Newspaper

CHINA PRESS
MNI (Sydney)

China has improved the efficiency of using raw materials to the extent that the ongoing commodity rally won't significantly affect consumer prices, the 21st Century Business Herald reported citing Liu Yuanchun, vice president of the Renmin University of China. While the commodity rally isn't over, prices will not surge significantly as demand is not as strong as expected given the slow pace of global recovery. Given the level of demand, supply will catch up, said Liu, who according to the Herald is a well-known advisor to the government.

MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com
MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com

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