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Australia’s Budget “Made In China”

A looming budget announcement in Australia highlights Canberra’s dependence on raw material exports to China for revenue, according to Reuters: Australia’s minority government will hand down its first budget next...

China’s Commodity Buying Spree

From the New York Times: Strong buying by China has helped lift commodity prices around the world this spring, but growing evidence suggests that a sizable portion of this buying has been to build stockpiles in China, and may...

China Goes on a Smart Shopping Spree

Beijing is spending from its $2 trillion worth of cash reserves to acquire commodities — from olive oil to crude oil — at bargain-basement prices. From Time Magazine: China’s growth rate may be slowing in...

Jim Lobe: The Hungry Dragon

Asia Times has two articles about the global impact of China’s hunger for natural resources: “Commodity prices skyrocket” and “Too much for Mother Earth“: China is snapping up resources at an unprecedented rate, driving world commodity prices through the roof. But more alarming is the scenario 25 years down the line, when China’s per capita […]

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