Feeding a Dragon

Feeding a Dragon


China is now the world's fourth-largest economy, and well on its way to regaining the economic pole position it held for much of recorded history. As recently as the early 19th century, it accounted for 30% of global gross domestic product (see chart, Age Old Economic Might, p. 14). Then, during the age of industrialization, western economies sprinted past China, leaving the Middle Kingdom with just 5% of world GDP. In recent decades, though, China has grown at leaps and bounds, and some predict it will again be the world's largest economy by 2040, overtaking the US.  To fuel that growth, China is hunting the world over for natural resources. One corner that has an abundance of what th

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