Here's how China could launch a 10-plus-year 'super-cycle' in commodities — one that survives the next global recession

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 51%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

Wells Fargo says that soon, China will kick off a boom in food commodity prices similar to the industrial commodity bull market it led in the 2000s.

boom, and that in the future, its demand for food could lead to a similar boom in other commodities.

To meet that surge in demand, he says, China will need to ramp up its already-huge imports of food. That could end a long stretch that's seen flat or declining food commodity prices and weak returns for related"Food commodities could very well lead the next commodity bull super-cycle," he wrote in a recent note to clients.

While China's economy has grown by an enormous amount in 25 years, LaForge says people in China still consume fewer calories than people in countries like the US and South Korea. He says that's likely to change.consumer spending in China Wells Fargo Investment Institute, Bloomberg, National Bureau of Statistics of China, Bureau of Economic Analysis

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Google and the ethics of business in ChinaThe growing strategic rivalry between America and China is putting pressure on American businesses and investors Ex.g., the size of the consumer market?
Source: TheEconomist - 🏆 6. / 92 Read more »

Weekend roundup: Stocks to buy for a rebound in China | New tools to save you money when planning a vacation | Busting a stock-market mythAlso, paths to financial independence, bargain value stocks and Ed Yardeni on recession fears.
Source: MarketWatch - 🏆 3. / 97 Read more »