China Starts a War on Commodity Prices Goldman Says It Can’t Win
It sounds like a Mao-era relic of Chinas planned economy: the Department of Price.
But this rarely discussed corner of the Chinese bureaucracy is now playing an increasingly important role in the inflation
debate thats whipsawing financial markets around the world.
Its here, in a drab office building on the west side of Beijing, where Communist Party apparatchiks have for months been formulating one of the countrys most expansive campaigns to influence market prices since an ill-fated
attempt…
