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China Moves to Secure Commodities Rocked by Ukraine War

  • Officials order agencies to ensure energy, commodity supplies
  • State-owned buyers to scour markets for oil, gas, iron ore
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China’s top government officials have issued orders to prioritize energy and commodities supply security, sparked by concerns over disruptions stemming from the Ukraine-Russia war.

Government agencies, including the country’s top economic planning body -- the National Development & Reform Commission -- have been ordered to push state-owned buyers to scour markets for materials including oil and gas, iron ore, barley and corn to fill any potential gaps brought on by the conflict, according to people familiar with the matter. The officials made no mention of prices, the people said, indicating the cost of imports isn’t a focus right now.