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"Is China's demand for resources driven predominantly by domestic factors or by global demand for its exports? The … paper provides evidence that China's (mainly manufacturing) exports have been a significant driver of its demand for …, manufacturing has been at least as important as construction as a driver of China's demand for resource-intensive metal products …
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This paper projects Chinese urban residential construction out to 2040. The paper argues that the extraordinary growth of recent years will not continue, but that construction will stabilise at a high level. This augurs well for steel demand, especially as steel intensity is expected to...
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