16.12.2015 - Roach Sees Commodity Headwinds as Miners `in Denial' About China
Commodities are at risk of extending declines as China’s slowdown hurts demand and the world’s largest user shifts its economic model away from raw materials, according to Stephen Roach, who said some producers haven’t yet faced up to the change. “The China factor can’t be emphasized enough,” Roach, a senior fellow at Yale University, said in a Bloomberg Television interview in Hong Kong on Tuesday. China “has been the most commodities-intensive story that the world economy has seen in the post-World War Two period. Now China is shifting the model to more of a commodity-light, services-led economy.”..............................................Full Article: Source
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