Foreign media says China wants more production but declines to target

Source: Internet
Author: User
Keywords China commodities Smith bulk China rainy Day
Tags editor financial financial capital get media natural raw materials recovery
To make up for its own lack of foreign media said--first to get the goods to prepare for a rainy day China's government is trying to gather and store as many raw materials and important commodities as possible to prepare for a global recovery, according to foreign media yesterday, to ensure the supply of natural resources and maintain the livelihoods of more than 1 billion  Agora Financial Capital and crisis editor Meyer said that 15 years later, China's new population is expected to exceed the existing total population of the United States, from the point of view of maintaining national livelihood, this is a good thing, the government in a rainy day. China is in a situation where demand for commodities will grow sharply and supply and production of many commodities are falling, according to Smith, the joint manager of the US Global Investor Company fund.  China's cross-border trade has increased access to these precious natural resources.  The report said that China does have a solid financial strength, and there is no slightest unease about the use of the funds.  ' The ability of China to buy commodities on such a large scale, and its ability to store and hold supplies, has made other countries even more competitive, ' says Mr. Smith. Meyer said China has been a positive buyer for the acquisition of Equity stakes in commodities companies, both for Canadian steel production and for Australian Rare-earth producers.  China also buys a variety of commodities in Africa, in exchange for building roads and factories in Africa.  China's mergers and acquisitions activities have increased significantly over the past two years as a result of China's use of asset price downturns, Smith said. Overall, China has completed about 36 mining deals and 32 energy deals since 2000.
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