CHINA'S demand for commodities is set to level out in the
coming years, famed contrarian Marc Faber has warned, while the ongoing
reliance on commodities imports by the world's second-largest economy is
likely to add to geopolitical tensions throughout Asia, the Middle East
and Africa.
Dr Faber, the author of the Gloom, Boom and Doom report and a
regular speaker on the conference circuit, told the Mining Indaba forum
in Cape Town on Tuesday that credit growth in China was beginning to
grow at a much faster rate than growth in gross domestic product, with
potentially negative implications for commodities demand.Read More