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| Author | : Ms.Christina Kolerus |
| Publisher | : International Monetary Fund |
| Total Pages | : 26 |
| Release | : 2016-09-27 |
| Genre | : Business & Economics |
| ISBN | : 1475542054 |
Download China's Footprint in Global Commodity Markets Book in PDF, ePub and Kindle
This note assesses empirically the role Chinese activity plays in global commodities markets, showing that the strength of China’s economic activity has a significant bearing on commodity prices, but that the impact differs across commodity markets, with industrial production shocks having a substantial impact on metals and crude oil prices and less so on food prices. The size of the impact on the prices of specific commodities varies with China’s footprint in the market for those commodities; the empirical estimates indicate that, over a one-year horizon, a 1 percent increase in industrial production leads to a 5–7 percent rise in metals and fuel prices. The surprise component in Chinese industrial production announcements has a bearing on commodity prices that is comparable in magnitude to that of industrial production surprises in the United States, and this impact is much larger when global risk aversion is high.
| Author | : Masuma Farooki |
| Publisher | : |
| Total Pages | : 0 |
| Release | : 2013-02-28 |
| Genre | : China |
| ISBN | : 9780415869928 |
Download The Impact of China on Global Commodity Prices Book in PDF, ePub and Kindle
Drawing on a large number of diverse sources, The Impact of China on Global Commodity Prices comprehensively and systematically evidences the trends in the prices of different sets of commodities, analyses the drivers of China's demand for commodities the factors constraining global supply and in the role which the financialisation of commodities is playing in constraining commodity production. It also documents and the growing role of China as a foreign investor in the commodities sectors. All of these trends are woven together to explore the fabric of strategic choices confronting public and private sector decision-makers.
| Author | : |
| Publisher | : DIANE Publishing |
| Total Pages | : 108 |
| Release | : |
| Genre | : |
| ISBN | : 1457818957 |
Download The Effects of Increasing Chinese Demand on Global Commodity Markets, Staff Research Study #28 Book in PDF, ePub and Kindle
| Author | : Ms.Christina Kolerus |
| Publisher | : International Monetary Fund |
| Total Pages | : 26 |
| Release | : 2016-09-27 |
| Genre | : Business & Economics |
| ISBN | : 1475541066 |
Download China's Footprint in Global Commodity Markets Book in PDF, ePub and Kindle
This note assesses empirically the role Chinese activity plays in global commodities markets, showing that the strength of China’s economic activity has a significant bearing on commodity prices, but that the impact differs across commodity markets, with industrial production shocks having a substantial impact on metals and crude oil prices and less so on food prices. The size of the impact on the prices of specific commodities varies with China’s footprint in the market for those commodities; the empirical estimates indicate that, over a one-year horizon, a 1 percent increase in industrial production leads to a 5–7 percent rise in metals and fuel prices. The surprise component in Chinese industrial production announcements has a bearing on commodity prices that is comparable in magnitude to that of industrial production surprises in the United States, and this impact is much larger when global risk aversion is high.
| Author | : |
| Publisher | : |
| Total Pages | : |
| Release | : 2006 |
| Genre | : China |
| ISBN | : |
Download The Effects of Increasing Chinese Demand on Global Commodity Markets Book in PDF, ePub and Kindle
| Author | : Pascale Massot |
| Publisher | : Oxford University Press |
| Total Pages | : 313 |
| Release | : 2024 |
| Genre | : Business & Economics |
| ISBN | : 0197771394 |
Download China's Vulnerability Paradox Book in PDF, ePub and Kindle
"In the summer of 2022, the Chinese government announced the creation of a $3 Billion state-owned iron ore giant, the China Mineral Resources Group, whose mission is to manage the multifaceted undertakings of iron ore imports, processing and trading, as well as overseas investments. This was an extraordinary announcement and in many ways the culmination of at least fifteen years of frustrations on behalf of leading Chinese iron ore market stakeholders. There is something paradoxical about China's relationship with and impact on global commodity markets. On one hand, within a very short period of time, China emerged from being an almost complete outsider to becoming the principal player in most commodity markets"--
| Author | : Dambisa Moyo |
| Publisher | : Basic Books |
| Total Pages | : 274 |
| Release | : 2012-06-05 |
| Genre | : Business & Economics |
| ISBN | : 0465029329 |
Download Winner Take All Book in PDF, ePub and Kindle
Commodities permeate virtually every aspect of modern daily living, but for all their importance -- their breadth, their depth, their intricacies, and their central role in daily life -- few people who are not economists or traders know how commodity markets work. Almost every day, newspaper headlines and media commentators scream warnings of impending doom -- shortages of arable land, clashes over water, and political conflict as global demand for fossil fuels outstrips supply. The picture is bleak, but our grasp of the details and the macro shifts in commodities markets remain blurry. Winner Take All is about the commodity dynamics that the world will face over the next several decades. In particular, it is about the implications of China's rush for resources across all regions of the world. The scale of China's resource campaign for hard commodities (metals and minerals) and soft commodities (timber and food) is among the largest in history. To be sure, China is not the first country to launch a global crusade to secure resources. From Britain's transcontinental operations dating back to the end of the 16th century, to the rise of modern European and American transnational corporations between the mid 1860's and 1870's, the industrial revolution that powered these economies created a voracious demand for raw materials and created the need to go far beyond their native countries. So too is China's resource rush today. Although still in its early stages, already the breadth of China's operation is awesome, and seemingly unstoppable. China's global charge for commodities is a story of China's quest to secure its claims on resource assets, and to guarantee the flow of inputs needed to continue to drive economic development. Moyo, an expert in global commodities markets, explains the implications of China's resource grab in a world of diminishing resources.
| Author | : Nicholas Jepson |
| Publisher | : Columbia University Press |
| Total Pages | : 239 |
| Release | : 2020-01-07 |
| Genre | : Business & Economics |
| ISBN | : 0231547595 |
Download In China's Wake Book in PDF, ePub and Kindle
In the early 2000s, Chinese demand for imported commodities ballooned as the country continued its breakneck economic growth. Simultaneously, global markets in metals and fuels experienced a boom of unprecedented extent and duration. Meanwhile, resource-rich states in the Global South from Argentina to Angola began to advance a range of new development strategies, breaking away from the economic orthodoxies to which they had long appeared tied. In China’s Wake reveals the surprising connections among these three phenomena. Nicholas Jepson shows how Chinese demand not only transformed commodity markets but also provided resource-rich states with the financial leeway to set their own policy agendas, insulated from the constraints and pressures of capital markets and multilateral creditors such as the International Monetary Fund. He combines analysis of China-led structural change with fine-grained detail on how the boom played out across fifteen different resource-rich countries. Jepson identifies five types of response to boom conditions among resource exporters, each one corresponding to a particular pattern of domestic social and political dynamics. Three of these represent fundamental breaks with dominant liberal orthodoxy—and would have been infeasible without spiraling Chinese demand. Jepson also examines the end of the boom and its consequences, as well as the possible implications of future China-driven upheavals. Combining a novel theoretical approach with detailed empirical analysis at national and global scales, In China’s Wake is an important contribution to global political economy and international development studies.
| Author | : Di Mo |
| Publisher | : |
| Total Pages | : 45 |
| Release | : 2015 |
| Genre | : |
| ISBN | : |
Download The Information Transmission Between China and the US Agricultural Commodity Markets Book in PDF, ePub and Kindle
This study examines both long-run and short-run linkages between futures and spot prices for a wide range of agricultural commodities in China and the US. We use the Johansen cointegration test to examine the long-run equilibrium relationship in both multivariate and bivariate contexts. The VECM model is used to examine the information transmission in the short-run. Finally, we use Granger causality test to investigate how the information transmission pattern changes under different economic conditions. We find long-run equilibrium relationships between spot and futures prices in the Chinese markets, as well as the futures prices in China and the US. The long-run relationship is consistent with the LOP theory, which indicates that prices of identical assets in different markets should have the same stream of future cash flows after all adjustments. The short-run analyses show the robust bidirectional relationship between futures and spot prices in China, and the futures prices in China and the US. The findings indicate that Chinese agricultural commodity futures played a significant role in the global commodity futures markets. The GFC subsample results are mixed. In general, the domestic information becomes more important compared to the information in the international markets during the crisis and post crisis periods. Whereas, the US futures markets play important price discovery role than Chinese ones during and after crisis in the bivariate context. The findings of this study contribute to the existing literature on information transmission in agriculture commodity markets in the emerging nations by including the futures markets in China and the futures markets of USA, which is a global dominant market. Study also includes the underlying asset market to provide the relationship among all three asset markets. The findings of this study may have important implication for policy makers in emerging markets who seek to develop policies for stability of the commodity prices.
| Author | : Mr.Shaun K. Roache |
| Publisher | : International Monetary Fund |
| Total Pages | : 46 |
| Release | : 2012-05-01 |
| Genre | : Business & Economics |
| ISBN | : 1475539193 |
Download China's Impacton World Commodity Markets Book in PDF, ePub and Kindle
Shocks to aggregate activity in China have a significant and persistent short-run impact on the price of oil and some base metals. In contrast, shocks to apparent commodity-specific consumption (in part reflecting inventory demand) have no effect on commodity prices. China’s impact on world commodity markets is rising but, perhaps surprisingly, remains smaller than that of the United States. This is mainly due to the dynamics of real activity growth shocks in the U.S, which tend to be more persistent and have larger effects on the rest of the world.
