The Rising Influence of Rising Affluence

[hptaxis]

[China myths] The ever-increasing hunger for steel
http://ftalphaville.ft.com/blog/2012/08/30/1126061/the-ever-increasing-hunger-for-steel/

It used to be an accepted fact that China’s appetite for steel and steel’s main ingredients — primarily coking coal and iron ore — would continue to rise sharply, not just in absolute terms but at an accelerated pace.