China is fighting the commodity price battle on the wrong front – Telegraph.co.uk
China may be fighting the commodity price battle on the wrong front. During the last big commodity cycle in the decade after 2000, it was the dominant influence on commodity prices. Then Chinese demand was the swing influence as the countrys absorption into the global economy, infrastructure build out and urbanisation of its workforce fuelled massive demand for energy and raw materials.
China is still the worlds biggest consumer of many resources, but it is no longer the marginal determinant of…
