Wednesday, July 19, 2006

Chinese Impact

China's economy is growing so fast that some observers are seeing a downside.

An excerpt from Business Week:

Though it represents about 5% of the world's economic output, this hungry dragon devours about 20% of global aluminum, about 30% of steel, iron ore, and coal, and 45% of cement produced each year. A significant slowdown in China would pound global commodity prices and hurt stock markets and economies from Brazil to Australia.

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