Bigger say in price discovery

China must focus its efforts on extracting a higher price for its exports at a time when global inflation is inevitable

China's lack of pricing power in fierce international trade has become the top concern at a time when export expansion is no longer seen as an overriding target in the country's foreign trade strategy.

This phenomenon remains widespread in the field of primary and finished products, ranging from oil, iron ore, nonferrous metals and rare earth minerals to cotton, soybean, clothing and electronic products.