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China's emergence in global commodity markets


  • Brendan Coates

    (Treasury, Government of Australia)

  • Nghi Luu

    (Treasury, Government of Australia)


This paper analyses the history of China’s demand for commodities — across energy, metals and agriculture — and the potential path of future demand. It compares China’s experience in recent decades with that of other recent industrialising economies, and considers the scale and pace of China’s commodity demand and its own domestic production on global commodity markets.

Suggested Citation

  • Brendan Coates & Nghi Luu, 2012. "China's emergence in global commodity markets," Economic Roundup, The Treasury, Australian Government, issue 1, pages 1-30, May.
  • Handle: RePEc:tsy:journl:journl_tsy_er_2012_1_1

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    References listed on IDEAS

    1. Ross Garnaut & Stephen Howes & Frank Jotzo & Peter Sheehan, 2008. "Emissions in the Platinum Age: the implications of rapid development for climate-change mitigation," Oxford Review of Economic Policy, Oxford University Press, vol. 24(2), pages 377-401, Summer.
    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.
    3. Calista Cheung & Sylvie Morin, 2007. "The Impact of Emerging Asia on Commodity Prices," Money Affairs, Centro de Estudios Monetarios Latinoamericanos, vol. 0(2), pages 181-224, July-Dece.
    4. Ivan Roberts & Anthony Rush, 2010. "Sources of Chinese Demand for Resource Commodities," RBA Research Discussion Papers rdp2010-08, Reserve Bank of Australia.
    5. James Holloway & Ivan Roberts & Anthony Rush, 2010. "China's Steel Industry," RBA Bulletin, Reserve Bank of Australia, pages 19-26, December.
    6. Golley, Jane & Meng, Xin, 2011. "Has China run out of surplus labour?," China Economic Review, Elsevier, vol. 22(4), pages 555-572.
    7. Vanessa Rayner & Emily Laing & Jamie Hall, 2011. "Developments in Global Food Prices," RBA Bulletin, Reserve Bank of Australia, pages 15-22, March.
    8. Huw McKay, 2008. "Metal Intensity in Comparative Historical Perspective: China, North Asia, the United States & the Kuznets Curve," GDSC Working Papers 006, Institute of Global Dynamic Systems.
    9. Virginia Christie & Brad Mitchell & David Orsmond & Marileze Van Zyl, 2011. "The Iron Ore, Coal and Gas Sectors," RBA Bulletin, Reserve Bank of Australia, pages 1-8, March.
    10. Jin Liu & Tony McDonald, 2010. "China: growth, urbanisation and mineral resource demand," Economic Roundup, The Treasury, Australian Government, issue 2, pages 57-71, July.
    11. Will Devlin & Sarah Woods & Brendan Coates, 2011. "Commodity price volatility," Economic Roundup, The Treasury, Australian Government, issue 1, pages 1-12, April.
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    Cited by:

    1. Brendan Coates & Dougal Horton & Lachlan McNamee, 2012. "China: prospects for export-driven growth," Economic Roundup, The Treasury, Australian Government, issue 4, pages 79-102, December.
    2. Andersen, Thomas Barnebeck & Barslund, Mikkel & Hansen, Casper Worm & Harr, Thomas & Jensen, Peter Sandholt, 2014. "How much did China's WTO accession increase economic growth in resource-rich countries?," China Economic Review, Elsevier, vol. 30(C), pages 16-26.
    3. Ellis Connolly & Jarkko Jääskelä & Michelle van der Merwe, 2013. "The Performance of Resource-exporting Economies," RBA Bulletin, Reserve Bank of Australia, pages 19-30, September.

    More about this item


    China; commodity markets; economic development;

    JEL classification:

    • E30 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - General (includes Measurement and Data)
    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • Q33 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Resource Booms (Dutch Disease)


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