Key facts
- China is centralizing its purchasing power for key commodities.
- The aim is to leverage its market size into greater influence over global suppliers.
- This strategy seeks to secure better terms and stabilize prices for essential raw materials.
Beijing is centralizing its purchasing power for key commodities, aiming to leverage its vast market size into greater influence over global suppliers. This strategic shift seeks to secure better terms and potentially stabilize prices for essential raw materials. The nation is trying to increase its bargaining power over purchases of the steelmaking raw material, iron ore. The article was written by David Tingxuan Zhang, an analyst at Trivium China, a Beijing-based strategic advisory firm.