| All bubbles share similar characteristics. It all starts with strong demand for some object, whether it's stocks, homes, commodities or tulips. In commodities, a bubble formed on hopes that China's rapid growth would feed an ever-expanding appetite for raw materials.
Moreover, in 2008, China launched a huge $586 billion economic stimulus plan, leading to higher demand for commodities and, therefore, rising prices. But prices weren't reflecting real growth, either. They were inflated as fake demand was created on the construction of excessively extravagant government buildings and uninhabited "ghost cities" in China...............................................Full Article: Source
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