BEIJING: Certain policy adjustments might be needed for China to ensure effective supplies from certain industries to the overall economy and minimise any possible impact of the recent global commodity price surge on inflation, according to experts and industry insiders.

       In the second half of the year, uncertainties relating to the global economy will likely be exacerbated more by any changes in the United States’ macroeconomic policy than developments in China, they said.

       Xu Gao, chief economist of Bank of China International, had told a seminar in Beijing that China’s economic recovery is getting stronger in both supply and demand.

       At the event organised by the National School of Development at Peking University, Xu said restrictive production measures in certain sectors may have hampered supply capacity of certain industries like steel. — China Daily/ANN