| China’s economic deceleration has spooked commodity markets. But the International Monetary Fund, in its latest global economic report, said China’s demand for commodities is far from peaking.
The IMF noted China’s rebalancing away from an investment-led economic model does not mean its consumption of commodities will tail off. Looking at growth trajectories in China, South Korea and Japan, the fund found that China’s per capita gross domestic product would need to double before that started to happen. (GDP per capita stood at $6,600 in 2013, the IMF estimates.)..............................................Full Article: Source
|