China demands bigger say in setting commodity prices

Chinese officials and entrepreneurs said Sunday that China should have bigger say in setting commodity prices, as oil and iron ore prices saw roller coaster like fluctuations in the past two years. They said commodity prices should be pulled back to normal track to reflect real demand, otherwise the inflation will come back and make business expansion unsustainable.
The Chinese aren't the biggest commodity buyers in the world, but they believe their role in the price setting is limited.