Authorities in China say they will take a ‘zero tolerance’ approach to monopoly behaviour and hoarding
China has signalled a crack down on “excessive speculation” that is pushing up the price of raw materials including iron ore and copper, amid mounting concerns over rapid growth in inflation.
Against a backdrop of soaring raw material costs as several big economies relax Covid-19 restrictions, China’s National Development and Reform Commission (NDRC) said it would show a “zero tolerance” approach to monopoly behaviour and hoarding by commodities firms.