Chinaâ€™s Growth and Its Impact on Resource Demand and The Iron Ore Trade
AbstractThe paper sets out what has been driving Chinese demand for resources and outlines the main features of the growth of Chinese resource consumption. It explains the impact of Chinese growth on the Australian economy and examines the future of Chinese resource demand. It reviews the potential to supply Chinese resource (and in particular, iron ore) demand and looks at some policy questions that confront China, as a major resource-procuring economy seeking resource security through foreign investment, and resource-supplying countries, such as Australia, in the context of the growth of Chinese demand. The paper argues that increased supply capacity in Africa and elsewhere in the world is likely to put downward pressure on iron ore (and potentially other resource) prices as new projects come on stream over the next five years.
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Bibliographic InfoPaper provided by East Asian Bureau of Economic Research in its series Development Economics Working Papers with number 23293.
Date of creation: Apr 2012
Date of revision:
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Postal: JG Crawford Building #13, Asia Pacific School of Economics and Government, Australian National University, ACT 0200
Web page: http://www.eaber.org
More information through EDIRC
iron ore trade; resource demand; demand for iron ore; iron ore price; China; Africa; Australia; Chinese resource consumption; Chinese resource demand;
Other versions of this item:
- Peter Drysdale & Luke Hurst, 2012. "Chinaâ€™s Growth and Its Impact on Resource Demand and The Iron Ore Trade," Trade Working Papers 23293, East Asian Bureau of Economic Research.
- Peter Drysdale & Luke Hurst, 2012. "Chinaâ€™s Growth and Its Impact on Resource Demand and The Iron Ore Trade," EABER Working Papers 23293, East Asian Bureau of Economic Research.
- L72 - Industrial Organization - - Industry Studies: Primary Products and Construction - - - Mining, Extraction, and Refining: Other Nonrenewable Resources
- O13 - Economic Development, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
- Q31 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Demand and Supply; Prices
- Q37 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Issues in International Trade
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Blog mentionsAs found by EconAcademics.org, the blog aggregator for Economics research:
- How China drives the Australian iron ore boom (and bust)
by Jeffrey Wilson, Fellow of the Asia Research Centre at Murdoch University in The Conversation on 2012-08-27 04:07:20
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