| A lot of optimistic projections for China’s commodities demand look something like this: The premise is fairly straightfoward: you take the country’s current level of GDP per capita, and compare its steel (or whatever) consumption per capita to what other nations’ consumption levels were at that point, and how fast they subsequently rose.
The chart on the left adjusts for… well, we’re not sure really, but the chart on the right gives a very clear hint to Rio Tinto investors that they can expect great things to come in terms of Chinese demand for iron ore...............................................Full Article: Source
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