Beijing versus energy prices. Shortly after coal and oil futures in China reached all-time highs on Tuesday, the government began signaling that a series of interventions are forthcoming, quickly reversing the trend. Among other moves, regulators are lifting coal output quotas, giving coal shipments priority in ports and on railroads, and pledging to crack down […]
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Daily Memo: China Tackles Energy Costs, Taliban Go to Moscow
Beijing's moves are already having a global effect on prices.
