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China Says It Has Conquered Commodities Trading Frenzy

  • CSRC Vice Chairman Fang says measures had ‘noticeable effect’
  • There’s ‘chance of a lifetime’ to become global center: Fang
Fang Xinghai.

Fang Xinghai.

Photographer: Nelson Ching/Bloomberg

China’s leading market regulator said that its clampdown on speculation in raw materials futures has successfully reined in the frenzy, and pledged to beef up oversight as the country seeks to dislodge rivals and become the global center for commodities pricing.

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