China: It's Just Getting Started

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		Tech Entertainment Wall Street Markets Strategy Sports Lifestyle Politics Europe Video Latest Tuesday, March 20, 2012 China: It's Just Getting Started The hot story of the day is this slide from BHP Billiton, where the commodity giant warns that iron ore imports by China will be mediocre this year. It seems to confirm a belief that the slowdown is real, and that the hard landing scenario is a possibility. All the Asian markets sold off on the warning. But the long-term prognosis still looks extremely bright. At the same conference, rival iron ore giant Rio Tinto gave a presentation that included the above chart. Basically, in their peak industrial periods, the US, Japan, Germany, and Korea all had multiple decades of steel production above 500 kg/per capita. China? It's only just barely hit this level. Assuming that it progresses on anywhere near the same trajectory of other industrial giants, the future looks very bright for anyone selling raw commodities to China. Read » Also On Money Game Today: The #1 Biggest Misconception About The World's Central Banks In 1996, The Government Tapped The Strategic Petroleum Reserve For A Very Strange Reason 2050 Years Of Economic History In One Beautiful Chart GMO's James Montier Explains The True Source Of Today's 'Freakish' Corporate Profit Margins Advertisement CHART OF THE DAY: America's Freakishly Inefficient Healthcare System CHART OF THE DAY: This Is The Chart That Makes ECRI Scream Recession CHART OF THE DAY: Why No One Knows How Wall Street Pay Really Works Share this: Facebook Twitter Digg Reddit StumbleUpon LinkedIn The email address for your subscription is: dwyld.kwu.jobhuntportal11@blogger.com Change Your Email Address | Unsubscribe | Subscribe | Subscribe to the Money Game RSS Feed Business Insider. 257 Park Avenue South, New York, NY 10010 Terms of Service | Privacy Policy

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