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Monday, November 13, 2017 7:24:31 AM
The Asian nation's demand for the building blocks that are required for countless construction projects as wealth continues to grow is the most significant driver for prices of industrial commodities.
While Chinese growth has declined from double-digits to under 7%, the higher level of GDP means that nominal growth is even higher today than it was when the Chinese economy was growing at a rate of over 10% per annum.
Moreover, in response to an economic downturn in late 2015 and early 2016 which caused commodities prices to fall to bottoms, President Xi introduced a policy of the "new normal" to manage expectations for slower, but stable economic growth.
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