Everyones fear is that the Chinese will develop the American appetite for everything. Imagine 1,330,044,544 people joining the Supersize Me club!
On June 11, 2009 the New York Times reported:
“According to J.P. Morgan, China’s iron ore imports were 33 percent higher in April than a year earlier. Crude oil imports were up nearly 14 percent, aluminum oxide imports climbed 16 percent and refined copper imports jumped 148 percent. Imports of coal soared 168 percent as Chinese utilities bought more foreign coal while trying to negotiate better prices with domestic producers.”
Does it look like China is slowing down?