Download: Revisiting China’s role and influence in global commodities
Emerging economies are outperforming the developed world in terms of economic growth. Asia is leading this transformation, in particular China, which will continue to redefine the global macroeconomic landscape and commodity demand.
China’s world consumption of key metals and minerals has drastically multiplied over the past two decades. The drivers of this trend – increased urbanisation and industrialisation – remain intact, though fortunately for China, commodity consumption is now heading towards a more sustainable growth rate.
Housing some of the world’s largest mineral reserves, China is also strengthening its role in minerals supply alongside other notable players in the region like Australia, India and Indonesia which are becoming targets for project development. In terms of commodity trade routes, China rose to dominate the global coal trade which used to be concentrated in Europe and the US in the 1980s. Mining companies from China are progressively gaining market share and catching up with their foreign counterparts.
China’s demand surpasses domestic supply across a number of commodities and as a result, imports are required to compensate for the shortfall. It seems like China will continue to step up its overseas investments to reduce the over reliance on high priced imports, reach high-growth markets and to pursue advanced technologies.
At Commodity Trade & Finance World Asia this year, we are pleased to have Kobus van der Wath, Founder and Group Managing Director, The Beijing Axis & Chairman, The Beijing Axis Africa Ltd. shared the above insights at the event.
Are you aware of the new commodity trading routes and latest commodity finance trends? Do you want to learn best practices in mitigating risks and managing liquidity in a volatile market? Then, don’t miss Commodity Trade & Finance World Asia 2013!
Visit our website today for more information > http://www.terrapinn.com/2013/commodity-trade-finance-asia/index.stm