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The resulting increase in supply is expected to depress global prices.
Chinese-based manufacturers suck in imports and dictate global prices of everything from steel to microchips.
That's why the price of Ural Blend has risen even faster than global prices generally.
(Global prices rose 40% to 50% between December 2007 and May 2008).
Those with commodities to sell suffer from the vagaries of global prices.
Aiding this strategy has been the rising global prices of agricultural commodities.
Mr. Milanovic uses the 2009 global prices and earnings report compiled by UBS, the Swiss bank.
Baroness Verma agreed that "global prices are something no government can control".
The problem is not of technology, they say, but of global prices and overcapacity.
By Evan Osnos The Chinese vogue for Lafite is driving up global prices.
For example, Tehran could sharply cut its oil exports to drive up global prices.
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