Friday, March 8, 2013

China became big so quickly

When you have an economy like China that becomes so big so quickly, you can have a more meaningful setback. If the U.S. economy grows at 3% or contracts that 3%, it has no impact on the price of copper to speak of….In the case of China, whether the economy grows at 10% or 5% has a huge impact on the demand for iron ore and copper and aluminum, steel and coal.

The Chinese economy today has a much larger impact on the rest of the world than is generally perceived economically speaking.

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