Enter the Dragon

Economic Turmoil and Resource Acquisition

Author(s): Matthew Hulbert
Journal Title: European Energy Review
Publisher(s): Castel International Publishers
Publication Year: 2009

The economic crisis has taken a heavy toll on commodity prices as demand destruction firmly sets in. While Western oil, metals and mining giants rethink investment strategies in light of commercial constraints, China will continue to use the downturn as a perfect storm to invest on strategic grounds to fuel long term domestic growth while underlining the pronounced role of the state in natural resource acquisition.

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