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THE IMPLICATIONS OF CHINA'S RAPID GROWTH ON DEMAND FOR ENERGY AND MINING PRODUCTS IMPORTED FROM AUSTRALIA
Author(s) -
ZHANG YONGSHENG,
ZHENG CHAOYU
Publication year - 2008
Publication title -
economic papers: a journal of applied economics and policy
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.245
H-Index - 19
eISSN - 1759-3441
pISSN - 0812-0439
DOI - 10.1111/j.1759-3441.2008.tb01029.x
Subject(s) - china , energy demand , natural resource economics , economics , supply and demand , business , economy , geography , macroeconomics , archaeology
This article investigates the implications of China's rapid economic growth on the demand for energy and minerals, especially on the demand for these products imported from Australia. Since China's rapid growth is likely to continue for about another two decades, its demand for energy and minerals will expand as well. Nonetheless, as the share of manufacturing decreases, the expansion in demand for energy and minerals in China will slow over that period. While China's aggregate demand for energy and minerals will not expand as rapidly as its economy, its import needs, including imports from Australia, will increase more rapidly than its economy.