29.01.2016 - Commodity Price Plunge Threatens Developing Nations
While the severe Chinese growth recession has already played havoc with major global economic nations’ export volume in a broad spectrum of industrial products, little has been publicized regarding the “Beijing bust’s” impact on dozens of developing nations’ commodity trade, both in volume and price drops. Many of these nations, such as some in Africa and South America, as well as Australia, had literally owed their growth to the rapacious appetite of China’s 20-year economic expansion surge. This included such basic products as thermal coal, copper, oil, iron ore, nickel, zinc, aluminum, etc. which fed the Asian giant’s seemingly unstoppable drive to world economic leadership...............................................Full Article: Source
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