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China: growth, urbanisation and mineral resource demand

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Author Info

  • Jin Liu

    (Treasury, Government of Australia)

  • Tony McDonald

    (Treasury, Government of Australia)

Abstract

Over recent decades, China has experienced rapid economic growth and a related sharp increase in its rate of urbanisation. The speed of this transition, along with the sheer size of China’s population, has resulted in China being an increasingly significant driver of global growth and mineral resource demand over the past decade.This paper analyses trends in China’s growth, urbanisation and mineral resource demand. It compares China’s experience in recent decades with that of other Asian emerging economies over the past half-century. It also seeks to put the recent surge in Chinese growth and urbanisation in a longer-term perspective.It concludes that, since the convergence of China’s level of economic activity and urbanisation with those of more developed countries is far from complete, China will continue to be a major source of demand for mineral resources for some time to come.

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Bibliographic Info

Article provided by Treasury, Australian Government in its journal Economic Roundup.

Volume (Year): (2010)
Issue (Month): 2 (July)
Pages: 57-71

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Handle: RePEc:tsy:journl:journl_tsy_er_2010_2_1

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Related research

Keywords: China; economic growth; mineral resources; urbanisation;

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References

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  1. Maddison, Angus, 2007. "Contours of the World Economy 1-2030 AD: Essays in Macro-Economic History," OUP Catalogue, Oxford University Press, number 9780199227204, September.
  2. Zhang, Kevin Honglin & Song, Shunfeng, 2003. "Rural-urban migration and urbanization in China: Evidence from time-series and cross-section analyses," China Economic Review, Elsevier, vol. 14(4), pages 386-400.
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Cited by:
  1. Tony McDonald & Yong Hong Yan & Blake Ford & David Stephan, 2010. "Estimating the structural budget balance of the Australian Government," Economic Roundup, Treasury, Australian Government, issue 3, pages 51-79, October.
  2. Brendan Coates & Nghi Luu, 2012. "China's emergence in global commodity markets," Economic Roundup, Treasury, Australian Government, issue 1, pages 1-30, May.
  3. Veasna Kong & Adam McKissack & Dong Zhang, 2012. "China in a new period of transition," Economic Roundup, Treasury, Australian Government, issue 4, pages 42-62, December.

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