China not to be responsible for energy price
September 29th, 2008
According to economists, the real causes of the huge spikes in international commodity prices are the weak dollar and speculation rather than the so-called China factor that China’s rapid economic growth has indeed increased demand for commodities in general.
As a recent Economist article points out, the low prices of Chinese products, thanks to its low manufacturing costs, have contributed to stabilizing prices across the globe. “China helped to hold down Read more…
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