13.12.2013 - Quickened Chinese urbanisation should boost commodities
The $6.4trn boost to China’s urbanisation, announced at the Third Plenum, will boost the eastern giant’s already “voracious” appetite for raw materials, ETF Securities says. The Chinese administration’s focus on reducing overcapacity should also lead to higher prices for metals, especially aluminium. It has pledged to halve the original 20-year timeframe for urbanising 400 million citizens through a massive investment drive. That will push up government infrastructure spending, which was 9 per cent higher in 2013 than the previous year...............................................Full Article: Source
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