30-Year Base Metal Price Trend
can sustain growth at the market consensus of 6-8%. To answer
this, we have to look at what propelled China from the back of the
pack to become the second-largest economy in the world.
When we evaluate a country's development and potential, we
often look at it in silos to form an opinion: its business environment, its political system and its demographical characteristics,
20 www.resourceworld.com
for example. It is also useful to integrate this evaluation, and look
at China's overall experience, its combined strengths and weaknesses to see if its growth can continue. Despite China's problems
and imperfections, there can be little dispute that it has done an
amazing job of developing a country of its size and scale in such
a short time.
february 2013
