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Commodities Briefing - Categorized | Market Moves, Price Watch more

China’s rebalancing could halve commodity prices

Posted on 26 March 2013

China is about to undergo a rebalancing of its economy from investment to consumption that over the next three to four years could see the global price of hard commodities halve, Peking University-based finance professor and former investment banker Michael Pettis says.
The new leadership of President Xi Jinping and premier Li Keqiang understands the urgency of China making the policy changes necessary to implement this shift in growth, said Pettis ahead of a speech on Monday at the University of Sydney Business School………………………………………..Full Article: Source


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