TITLE

China's power increasing as competitor for resources

AUTHOR(S)
Brandon, Hombree
PUB. DATE
April 2005
SOURCE
Southeast Farm Press;4/13/2005, Vol. 32 Issue 11, p4
SOURCE TYPE
Trade Publication
DOC. TYPE
Editorial
ABSTRACT
The article presents the author's views on the increasing power of China as a competitor of the U.S. for resources. China's rise to dominance in manufacturing and world trade has also resulted in its outpacing the U.S. as a consumer. Of the five basic food, energy, and industrial commodities, it now leads the U.S. in consumption of grain, meat, coal, and steel. Only in oil use does the U.S. hold a lead, but China is now in second place. While China's upwardly spiraling consumerism represents a potential treasure house of marketing opportunities for the U.S., it can also be a double-edged sword in that its competition for resources can push up prices of key inputs.
ACCESSION #
16780598

 

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