14.07.2015 - Commodity market rout shows how Chinese growth determines prices
The recent global rout in commodity markets re-emphasised the relationship between Chinese growth and commodity prices. It is a well-known fact that China is the largest importer and consumer of many commodities, but its commodity traders are also among the most leveraged. The Chinese manufacturing boom started a couple of decades ago serving the needs of the western world for cheaper manufacturing. But over the last decade much of its growth has been supported by the rise in domestic consumption driven by the vast middle-class on the back of rising incomes and asset prices...............................................Full Article: Source
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