Thoughts on the Low Pricing of Rare Earths in China' Domestic Market

Jack Lifton submits:

On Saturday, the Wall Street Journal ran an article entitled External Surpluses Root Cause of China's Inflation Problem. It is a report of a talk by Mr. Yi Gang, vice governor of the People's Bank of China. The talk included the following comments:

"In addition to boosting the flexibility of the yuan exchange rate, China also should adjust resource prices to address imbalances, he said, as many resources are still traded in China at below their natural prices .

"China also should boost wages and social benefits to lift consumption, step up its enforcement of environment regulations and undertake other structural reforms to address imbalances.

Repeat after me: The selling prices


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