China Threat to US Commodities Pricing Dominance

China Threat to US Commodities Pricing Dominance

Geopolitical tensions shifting world’s commodities pricing from US to multipolar system

By: Toh Han Shih

China is attracting international users to its commodities pricing benchmarks, reducing although not replacing the US as the dominant arbiter of commodities prices, according to witnesses at an April 16 US-China Economic and Security Review Commission (USCC) hearing in Washington. Driven by geopolitical factors like Beijing’s fears of US…

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