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No, China is not the ‘cookie monster’ of global commodities

Posted on 03 March 2014

China’s coming for your water. Your food. Your oil. Your iron ore. The country has a “voracious appetite.” At least that’s the drumbeat you’ve been hearing in headlines over the last several years. With nearly 1.4 billion people and a surging economy, it’s easy to see why China’s resource demand has shaken world markets and generated outsized fears.
After all, oil prices spiked to an all-time high in 2008. Food prices hit a record high in 2011. True, China has launched an impressive series of projects to secure mines, farmland, and water resources, from Brazil to Zimbabwe to Papua New Guinea………………………………………..Full Article: Source


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VRS - who has written 40108 posts on Opalesque Commodities Briefing.


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