China Vows ‘Zero Tolerance’ for Commodities Futures Violations

The transcript discusses the concerns of China's National Development and Reform Commission (NDRC) regarding high commodity prices and inflation. It highlights the role of speculation in China's futures markets, which has led to price increases beyond fundamentals. The transcript also covers measures taken to curb speculation, such as tightening trading limits, and identifies sectors vulnerable to economic changes, particularly those linked to infrastructure and property, like aluminum, copper, and steel.

What is the main concern of Chinese authorities regarding the futures market?

• Lack of liquidity

• Low trading volume

• Increased foreign investment

• High level of speculation

What action have exchanges taken to address speculation in the futures market?

• Increased trading hours

• Reduced transaction fees

• Tightened trading limits

• Introduced new commodities

Which commodities have seen a moderation in futures contracts recently?

• Gold and silver

• Copper and steel

• Oil and gas

• Wheat and corn

Which sectors are most vulnerable to changes in China's economic expansion?

• Retail and tourism

• Infrastructure and property

• Healthcare and education

• Technology and finance

What is meant by 'credit impulse' in the context of China's economy?

• The interest rate on loans

• New credit as a proportion of GDP

• The total amount of credit available

• The speed of credit approval