Roberto Abraham Scaruffi

China's Global Shopping Spree

Is the World’s Future Resource Map Tilting East?

By Michael T. Klare

Think of it as a tale of two countries.  When it comes to procuring the resources that make industrial societies run, China is now the shopaholic of planet Earth, while the United States is staying at home.  Hard-hit by the global recession, the United States has experienced a marked decline in the consumption of oil and other key industrial materials.  Not so China.  With the recession’s crippling effects expected to linger in the U.S. for many years, analysts foresee a slow recovery when it comes to resource consumption.  Not so China.

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