Updated: 2012-11-16 ( China Daily) - Chinese financial center Shanghai aims
to develop itself into a world commodities trading center that can have a
stronger influence on international commodities prices in five to 10 years, the
vice-mayor of the city said on Thursday.
Ai Baojun made the comments during the first China International Oil and Gas
Trade Conference, held in Shanghai. Earlier this year, the country's securities
regulator said China plans to establish crude-oil futures to cope with
fluctuating oil prices and increase its influence over global prices.