China is looking to boost its role in global commodity markets by allowing foreign investors to trade iron ore futures on the Dalian Commodity Exchange from Friday, a move which should help the country gain some pricing power over the key ingredient in steel.

China will continue to be the driving force for global energy demand through 2020, but its energy growth will slow significantly as it transitions to a more sustainable pattern of economic growth,

Yuan-denominated, they are the first of their kind to be open to overseas investors

The Chinese futures market took another step toward internationalization on March 26 with the unveiling of yuan-denominated crude oil futures contracts

The China Iron and Steel Association has urged the Chinese government to take resolute measures against imports of stainless steel, seamless pipes, coal, agricultural products and consumer electronics from the United States to confront trade protectionism.

China on Monday launched trading of the yuan-denominated crude oil futures contracts at the Shanghai International Energy Exchange, which is the first futures listed on China's mainland to overseas investors.

German Chancellor Angela Merkel and Chinese President Xi Jinping discussed overcapacity in world steel markets and agreed on Saturday to work on solutions within the framework of the G20 group of industrialized nations, Merkel's spokesman Steffen Seibert said.

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