Research On Reasons Of China’s Lacking Bulk Commodities International Pricing Power And The Countermeasures

With the continuous economic development, China has entered the late stage of development of industrialization, so a lot of demand for primary products has resulted in our country to become a net importer of a variety of commodities. China is the world’s largest importer of iron ore, the largest importer of soybeans and the second largest oil importing countries, however, China in the international trade of bulk commodities did not get the interests of "big country", often suffer the economic losses due to commodity price fluctuations. Making its contribution to the world economy, China was facing pricing missing in the international trade in bulk commodities, and this is not very match with China’s great power status. Pricing missing is not only cause economic losses to the import and export enterprises in China, but also destroys China’s industrial safety; adversely affect the normal functioning of our country.In the future, China’s economy will maintain rapid growth, and domestic enterprises will be broader participation in the international division of labor, and thus our country will still be a substantial increase in demand for primary products. In facing of domestic resources can not be completely self-sufficient in short-term, we will continue to increase the import of commodities. In order to avoid the serious impact of fluctuations in international commodity prices on China’s economic and trade, China must attaches great importance to the international pricing of bulk commodities and actively explore effective ways to get pricing. It has urgent practical significance for China’s economic development.On the basis of studying a lot of qualitative and quantitative analysis of the references, firstly we analyze the content and the international trade characteristics of bulk commodities. By focusing on case studies, we analyze the impact of fluctuations in international prices of commodities to China, which leads to the meaning and policy guidance of the international pricing of commodities, and then by analyzing commodities of the international pricing mechanism, sum up the main factors of the pricing, and combined with China’s national conditions, deeply analyze the reasons for the lack of the international pricing of bulk commodities in China. Factors from the field of international level:international oligopoly, the International Fund for speculation and the information monopoly of developed countries; factors from the domestic field:the extensive economic growth mode, the futures market imperfections, industry concentration is low, the trade order confusion, lack of strategic reserves and low competitiveness of international enterprises. On that basis, sum up the countermeasures for China’s government, industry association and enterprise for the international pricing of bulk commodities for international level and domestic level.This article focuses on the core is the lack of the international pricing of the commodity and its negative influences and countermeasures, but this does not mean that the author advocates that China should to contest the international pricing of commodities to grab a special self-interest. No matter which country control the international pricing of commodities, they should to stabilize the international market price as their responsibility, and strive to achieve a basic balance of international supply and demand, to create a relaxed and stable international environment for the stable development of world economy. This is the correct way and a wise move.The main innovation of this paper is showed in two ways:First, to conduct a comprehensive analysis and evaluation of the international pricing of commodities, and deepen people’s understanding of the theory of the international pricing of commodities; Second, on how to compete for the international pricing of the bulk commodities, propose government intervention or the need for the establishment of an international multilateral intervention mechanisms.