02.07.2013 - China's own policies made it a commodity price-taker
Rather than complain, the boss of HKEx should be happy higher prices are boosting turnover on his subsidiary, the London Metal Exchange. Charles Li Xiaojia is unhappy about conditions in global commodity markets. In his blog last week, the chief executive of Hong Kong Exchanges and Clearing bemoaned China's lack of influence on global commodity prices. At first this sounds like a bizarre thing to say. Ask any commodity trader, and he will tell you it was China's ballooning demand for resources that drove the long bull market which saw key industrial commodities such as copper more than quadruple in price over the first decade of this century......................................Full Article: Source