Shivani SinghMin Zhang
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Stacks of rebar await delivery at Shanxi Zhongsheng Iron and Steel in Fenyang, Shanxi Province, China, April 28, 2016. REUTERS/John Ruwitch/File Photo/File Photo
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BEIJING, Aug 4 (Reuters) - As a key producer, importer and consumer of most of the world s major commodities, China is uniquely sensitive to sharp price rises or supply disruptions in the raw materials on which its manufacturing sector and massive population depends.
After the prices of critical industrial inputs from coal to copper surged to record highs this year, Beijing deployed its most comprehensive and far-reaching measures to date to try and tame commodity markets, including selling metal from strategic reserves and threatening to punish any entities found to be hoarding supplies or inflating prices. read more
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