defaults on commodity contracts. Not only that but some are re-exporting their cargo and delaying new shipments all together. This is an indicator that China is taking in more raw materials than their manufacturing sector needs. Just more outside of the official statistic news that China is, or is moving towards, a recession.
This is also very bad news for economies like Australia, that have oriented their economic future towards being a provider of raw materials to growing east asian nations.
- Cogitans Iuvenis
- Real name is Kevin Daniels. I have long studied history and have an interest in geopolitics, economics, finance and politics. A few years ago discovered libertarianism. I am a constitutionalist libertarian with a conservative worldview. Word of warning. If you can't handle opinions that aren't rooted in the pc-progressive ideology that is permeated by our educational instutions and popular media then this blog is not for you.