China not to blame for energy price spikes: Experts

While China's rapid economic growth has indeed increased demand for commodities in general, the weak dollar and speculation are the real causes of the huge spikes in international commodity prices, not the so-called China factor, according to economists.

As a recent Economist article points out, the low prices of Chinese products, thanks to its low manufacturing costs, have contributed to stabilizing prices across the globe. "China helped to hold down inflation in developed economies not because its prices were falling, but because its goods were much cheaper," the article said.

Some critics, however, insist on pointing the finger at China's higher demand for oil and other commodities to put the blame on a country that is facing the daunting task of development, said Hua Min, director of Fudan University's Institute of World Economy.