China's structural demand and commodity super cycle: implications for Africa

Farooki, Masuma (2010). China's structural demand and commodity super cycle: implications for Africa. In: Dent, Christopher M. ed. China and Africa Development Relations. Routledge Contemporary China Series. Abingdon, UK and New York, NY, U.S.A.: Routledge, pp. 121–142.

URL: http://www.routledge.com/books/China-Africa-Develo...

Abstract

The 2003-08 commodity price boom, also termed as a super cycle, was driven mainly by China's demand for commodities to fuel its domestic infrastructure and manufacturing growth. This chapter examines the 2003-08 period, contrasted with the previous two commodity booms in 1951-53 and 1973-75 in order to learn if the latest boom was unique in any manner. We then look at the nature of China's structural demand and its future needs. Finally we highlight the implications of the commodity price fall for African countries, in relation to Chinese demand in the near future.

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