The Impact Of China On Global Commodity Prices

Author : Masuma Farooki,Raphael Kaplinsky
Publisher : Routledge
Page : 260 pages
File Size : 43,9 Mb
Release : 2013-06-17
Category : Business & Economics
ISBN : 9781136581960

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The Impact of China on Global Commodity Prices by Masuma Farooki,Raphael Kaplinsky Pdf

Drawing on a large number of diverse sources, How China Disrupted Global Commodities comprehensively and systematically evidences the trends in the prices of different sets of commodities, analyses the drivers of China’s demand for commodities the factors constraining global supply and in the role which the financialisation of commodities is playing in constraining commodity production. It also documents and the growing role of China as a foreign investor in the commodities sectors. All of these trends are woven together to explore the fabric of strategic choices confronting public and private sector decision-makers.

Author : Ms.Christina Kolerus,Mr.Papa M N'Diaye,Christian Saborowski
Publisher : International Monetary Fund
Page : 24 pages
File Size : 47,6 Mb
Release : 2016-09-27
Category : Business & Economics
ISBN : 9781475542059

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China's Footprint in Global Commodity Markets by Ms.Christina Kolerus,Mr.Papa M N'Diaye,Christian Saborowski Pdf

This note assesses empirically the role Chinese activity plays in global commodities markets, showing that the strength of China’s economic activity has a significant bearing on commodity prices, but that the impact differs across commodity markets, with industrial production shocks having a substantial impact on metals and crude oil prices and less so on food prices. The size of the impact on the prices of specific commodities varies with China’s footprint in the market for those commodities; the empirical estimates indicate that, over a one-year horizon, a 1 percent increase in industrial production leads to a 5–7 percent rise in metals and fuel prices. The surprise component in Chinese industrial production announcements has a bearing on commodity prices that is comparable in magnitude to that of industrial production surprises in the United States, and this impact is much larger when global risk aversion is high.

Author : Anonim
Publisher : DIANE Publishing
Page : 108 pages
File Size : 40,8 Mb
Release : 2024-06-29
Category : Electronic
ISBN : 9781457818950

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The Effects of Increasing Chinese Demand on Global Commodity Markets, Staff Research Study #28 by Anonim Pdf

Author : Ross Garnaut,Ligang Song
Publisher : ANU E Press
Page : 466 pages
File Size : 41,7 Mb
Release : 2007-08-01
Category : Business & Economics
ISBN : 9781921313387

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China. Linking Markets for Growth by Ross Garnaut,Ligang Song Pdf

China's prosperity is at the core of the emerging Platinum Age of global economic growth. Rapid economic growth has been underpinned by expansion in its domestic markets, and the integration of domestic and international markets in goods, services, capital, labour and foreign exchange. Global commodity prices have reached historic highs, while Chinas capital outflows have helped to hold down interest rates worldwide. Linking markets, both domestic and international, has been key to Chinas success. In sustaining its strong economic growth, China has become one of the worlds most voracious consumers of energy. The challenge now facing the government and people of China is in achieving cooperation with the international community to avert the costs - both economic and environmental - of accelerating energy consumption. CHINA: LINKING MARKETS FOR GROWTH gathers together leading scholars on Chinas economic success and its effect on the world economy into the next few decades.

Author : Mr.Yongzhen Yu
Publisher : International Monetary Fund
Page : 38 pages
File Size : 55,8 Mb
Release : 2011-04-01
Category : Business & Economics
ISBN : 9781455226023

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Identifying the Linkages between Major Mining Commodity Prices and China’s Economic Growth—Implications for Latin America by Mr.Yongzhen Yu Pdf

Major mining commodity prices are inherently volatile and cyclical. High levels of investment in China have been a key driver in the strong world demand for minerals and metals over the past decade. The urbanization and industrialization of China has been an important factor behind the increase in domestic demand and high investment growth, while its export sector is also an important source of growth and plays a critical role as a catalyst. Activity in infrastructure, construction, real estate, and automobile manufacturing all contribute to the strong demand for minerals. Over the next five years, the Chinese demand is expected to remain strong, supported by investment and gradually rising consumption rates. However, in the second part of this decade economic growth in China could slow down. For Latin American countries, export receipts should remain strong over the next five years and beyond, given the continued strong demand from China.

Author : Takatoshi Ito,Andrew K. Rose
Publisher : University of Chicago Press
Page : 346 pages
File Size : 54,6 Mb
Release : 2011-03
Category : Business & Economics
ISBN : 9780226386898

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Commodity Prices and Markets by Takatoshi Ito,Andrew K. Rose Pdf

Fluctuations of commodity prices, most notably of oil, capture considerable attention and have been tied to important economic effects. This book advances our understanding of the consequences of these fluctuations, providing both general analysis and a particular focus on the countries of the Pacific Rim.

Author : Patrick Blagrave,Peter Elliott,Mr.Roberto Garcia-Saltos,Douglas Hostland,Mr.Douglas Laxton,Fan Zhang
Publisher : International Monetary Fund
Page : 33 pages
File Size : 50,5 Mb
Release : 2013-12-19
Category : Business & Economics
ISBN : 9781484317631

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Adding China to the Global Projection Model by Patrick Blagrave,Peter Elliott,Mr.Roberto Garcia-Saltos,Douglas Hostland,Mr.Douglas Laxton,Fan Zhang Pdf

We extend the Global Projection Model (GPM) to include a separate block for China. China plays an important role in shaping global economic outcomes, given its sheer size and trade integration with other key economies, its demand for commodities, and its policies. Also, the Chinese economy has several unique features which differentiate it from the rest of emerging Asia. These features (the use of multiple monetary-policy instruments and a managed-floating exchange-rate policy) mean that a separate treatment of China allows for a better consideration of China, as well as how the rest of emerging Asia behaves.

Author : Nicholas Jepson
Publisher : Columbia University Press
Page : 239 pages
File Size : 40,6 Mb
Release : 2020-01-07
Category : Business & Economics
ISBN : 9780231547598

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In China's Wake by Nicholas Jepson Pdf

In the early 2000s, Chinese demand for imported commodities ballooned as the country continued its breakneck economic growth. Simultaneously, global markets in metals and fuels experienced a boom of unprecedented extent and duration. Meanwhile, resource-rich states in the Global South from Argentina to Angola began to advance a range of new development strategies, breaking away from the economic orthodoxies to which they had long appeared tied. In China’s Wake reveals the surprising connections among these three phenomena. Nicholas Jepson shows how Chinese demand not only transformed commodity markets but also provided resource-rich states with the financial leeway to set their own policy agendas, insulated from the constraints and pressures of capital markets and multilateral creditors such as the International Monetary Fund. He combines analysis of China-led structural change with fine-grained detail on how the boom played out across fifteen different resource-rich countries. Jepson identifies five types of response to boom conditions among resource exporters, each one corresponding to a particular pattern of domestic social and political dynamics. Three of these represent fundamental breaks with dominant liberal orthodoxy—and would have been infeasible without spiraling Chinese demand. Jepson also examines the end of the boom and its consequences, as well as the possible implications of future China-driven upheavals. Combining a novel theoretical approach with detailed empirical analysis at national and global scales, In China’s Wake is an important contribution to global political economy and international development studies.

Author : Ms.Christina Kolerus,Mr.Papa M N'Diaye,Christian Saborowski
Publisher : International Monetary Fund
Page : 26 pages
File Size : 51,5 Mb
Release : 2016-09-27
Category : Business & Economics
ISBN : 9781475541069

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China's Footprint in Global Commodity Markets by Ms.Christina Kolerus,Mr.Papa M N'Diaye,Christian Saborowski Pdf

This note assesses empirically the role Chinese activity plays in global commodities markets, showing that the strength of China’s economic activity has a significant bearing on commodity prices, but that the impact differs across commodity markets, with industrial production shocks having a substantial impact on metals and crude oil prices and less so on food prices. The size of the impact on the prices of specific commodities varies with China’s footprint in the market for those commodities; the empirical estimates indicate that, over a one-year horizon, a 1 percent increase in industrial production leads to a 5–7 percent rise in metals and fuel prices. The surprise component in Chinese industrial production announcements has a bearing on commodity prices that is comparable in magnitude to that of industrial production surprises in the United States, and this impact is much larger when global risk aversion is high.

Author : Ross Garnaut,Ligang Song
Publisher : Unknown
Page : 0 pages
File Size : 52,7 Mb
Release : 2007
Category : Electronic
ISBN : OCLC:1401240565

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China - Linking Markets for Growth by Ross Garnaut,Ligang Song Pdf

China's prosperity is at the core of the emerging Platinum Age of global economic growth. Rapid economic growth has been underpinned by expansion in its domestic markets, and the integration of domestic and international markets in goods, services, capital, labour and foreign exchange. Global commodity prices have reached historic highs, while China's capital outflows have helped to hold down interest rates worldwide. Linking markets, both domestic and international, has been key to China's success. In sustaining its strong economic growth, China has become one of the world's most voracious consumers of energy. The challenge now facing the government and people of China is in achieving cooperation with the international community to avert the costs-both economic and environmental-of accelerating energy consumption. China-Linking Markets for Growth gathers together leading scholars on China's economic success and its effect on the world economy into the next few decades.

Author : Davide Furceri,João Tovar Jalles,Ms.Aleksandra Zdzienicka
Publisher : International Monetary Fund
Page : 15 pages
File Size : 41,7 Mb
Release : 2016-11-23
Category : Business & Economics
ISBN : 9781475546637

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China Spillovers by Davide Furceri,João Tovar Jalles,Ms.Aleksandra Zdzienicka Pdf

Until recently, China has been the leading contributor to global economic growth and—since the recent global financial crisis—a stabilizing driver of its evolution. However, as China recently began to rebalance its economy away from investment and exports and toward consumption, its GDP growth slowed significantly—partly reversing the country’s contribution to global output and trade growth—and is expected to continue to decline gradually over the medium term. There is little consensus regarding the consequences of a China’s growth slowdown for the rest of the world, with some arguing that a significant slowdown in China may have large implications and possibly lead to a worldwide recession if the “rebalancing” process is not well managed, and others suggesting that even a significant slowdown in China is unlikely to have large global effects, as its role in the world economy is still limited This note contributes to the ongoing debate by analyzing how growth shocks in China affect particular regions and country groups and how the impact and key transmission channels of these growth shocks have increased over time. It finds that historically, the average impact of growth shocks in China on global output has been statistically significant but limited, but since the early 2000s, the magnitude of spillovers has significantly increased. Trade linkages remain the main transmission channels, with larger effects for net commodity exporters and countries mostly exporting manufacturing goods. Also, spillover effects tend to be larger during periods of high global uncertainty and have been positively associated with an increase in the share of industry in total value in China, which suggests an important role of the “rebalancing” process.

Author : Pascale Massot
Publisher : Oxford University Press
Page : 313 pages
File Size : 52,5 Mb
Release : 2024
Category : Business & Economics
ISBN : 9780197771396

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China's Vulnerability Paradox by Pascale Massot Pdf

"In the summer of 2022, the Chinese government announced the creation of a $3 Billion state-owned iron ore giant, the China Mineral Resources Group, whose mission is to manage the multifaceted undertakings of iron ore imports, processing and trading, as well as overseas investments. This was an extraordinary announcement and in many ways the culmination of at least fifteen years of frustrations on behalf of leading Chinese iron ore market stakeholders. There is something paradoxical about China's relationship with and impact on global commodity markets. On one hand, within a very short period of time, China emerged from being an almost complete outsider to becoming the principal player in most commodity markets"--

Author : Mr.Rabah Arezki,Mr.Akito Matsumoto
Publisher : International Monetary Fund
Page : 25 pages
File Size : 41,9 Mb
Release : 2017-09-22
Category : Business & Economics
ISBN : 9781484320815

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Excerpt: Shifting Commodity Markets in a Globalized World by Mr.Rabah Arezki,Mr.Akito Matsumoto Pdf

This paper discusses developments and prospects for energy, metals, and food markets since the early 2000s, the start of what is termed a commodities supercycle—the rise of commodity prices over a decade or more as a result of a rapid urbanization and an expansion of infrastructure. Macroeconomists often assume that technological innovation is exogenous (driven largely by external factors or forces), but this volume documents how innovation in energy markets is directly affected by prices. When oil, natural gas, or fossil fuels become scarce, prices increase. This stimulates innovation and the adoption of new technologies and techniques for recovery and use of these resources. Conversely, when these commodities are abundant, prices fall, slowing the pace of innovation and the adoption of new techniques. At the heart of international trade in commodities are cross-country differenc¬es in resource endowments. Natural resources are materials or substances that occur in nature and can be used for economic gain, and so these include not only reserves of hydrocarbons, minerals, fisheries, and forests, but also temperate weather, fertile land, and access to water, which are important to agriculture.

Author : Elizabeth Economy,Michael Levi
Publisher : Oxford University Press, USA
Page : 299 pages
File Size : 50,6 Mb
Release : 2014-03
Category : Business & Economics
ISBN : 9780199921782

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By All Means Necessary by Elizabeth Economy,Michael Levi Pdf

From two leading scholars in the field, a comprehensive account of the Chinese economy's explosive growth over the past 25 years.

Author : Ligang Song,Ross Garnaut,Cai Fang,Lauren Johnston
Publisher : ANU Press
Page : 467 pages
File Size : 41,5 Mb
Release : 2015-07-08
Category : Business & Economics
ISBN : 9781925022698

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China’s Domestic Transformation in a Global Context by Ligang Song,Ross Garnaut,Cai Fang,Lauren Johnston Pdf

The phrase ‘New Normal’ captures the ongoing shift in the pattern and drivers of China’s economic growth. China’s new growth rate is both slower and imposing difficult structural change. These new economic conditions are challenging yet offer opportunities for China and its economic partners. Reforms must be deepened but also make growth more inclusive and environmentally sustainable, over this decade and beyond. This year’s Update offers both global context and domestic insight into this challenging new phase of China’s domestic economic transformation. How are policymakers elevating migrant workers concurrent with increasing consumption? Is China’s government spending enough on education and R&D to ensure it can achieve its aspirations to ascend the global manufacturing value chain and avoid the middle-income trap? Are energy market reforms reducing or increasing the price of gas and electricity in China? What are the consequences of China’s financial reforms and expanding Renminbi trading for foreign banks? What does China’s new growth model mean for the international resources economy and for Africa? Do SOEs face market conditions and are they dominating China’s fast-rising outbound investment? What is China’s strategy for navigating fragmented international trade policy negotiations?