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Fear of glut grips commodities as Xi shifts China's economic focus

There is concern that demand will weaken as Beijing focuses on quality of expansion, not pace of it

After signs of tighter supply and stronger demand drove a rally from late June through early this month, commodity investors are now assessing whether they were too optimistic in their views.

New York

A SLOWDOWN in the world's biggest consumer of most commodities is reviving fears over a glut in raw materials.

The Bloomberg Commodity Index extended declines after sliding the most in six months on Tuesday. Futures in China also plunged in overnight trading.


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