| The world has been firing on two cylinders over recent years: commodities and credit. These did not quite deliver soaring growth, but were enough to keep things sputtering along. The tank, however, is running dry. Asia is especially exposed. While this need not portend imminent financial stress, growth is bound to disappoint for a while.
Consider the big picture. With the collapse of demand in the west following the global financial crisis, China has been holding up the roof. The mainland’s contribution to world growth occurred mainly through commodities. True, China imported everything from German cars and French handbags to Japanese excavators, but it was its appetite for raw materials that powered the world...............................................Full Article: Source
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