Download or read book China s Iron Ore Boom written by Luke W. L. Hurst and published by Routledge. This book was released on 2016-07-01 with total page 150 pages. Available in PDF, EPUB and Kindle. Book excerpt: China’s emergence as the world’s second largest economy has been driven by more than four decades of explosive growth. To support this expansion, China has required massive expansion in its steel production capacity, which is highly correlated to its demand for iron ore imports. The scale and pace of China’s iron ore demand shock has pushed the global iron ore market into a historical adjustment. Using economic frameworks, this book brings to bare new data and field observations throughout Asia and Africa to investigate how the rapid growth in China’s iron ore demand has affected the organisation and structure of the global iron ore market. The research provides several important contributions to the extant literature including analysis of whether the Big Three Asian market iron ore exporters coordinated to sustain the profits arising from the price boom; estimating the financial impact of the Chinese state’s intervention in iron price negotiations; and addressing the concerns arising from the Chinese state’s provision of cheap financial support for its companies’ iron ore procurement. Offering unique insights into China’s economic rise and the structure of the iron ore market, this book will be relevant to students and scholars of resource economics, and the Australian and Chinese economies.
Download or read book China s Demand for Australian Iron Ore written by Damione Wright and published by . This book was released on 1996 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Does China s Demand Boom Curb Australian Iron Ore Mining Depletion written by Creina Allen and published by . This book was released on 2014 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Australia's resources boom is underpinned by increased demand from industrialising China and a rise in export prices. Current depletion rates will soon exhaust currently known reserves of iron ore and coal. This paper presents a dynamic optimisation model of a growing open economy where a social planner chooses the time path for depletion of a non-renewable resource during a demand-led resources boom. We find that for particular functional forms and in the absence of extraction and social costs, the optimal depletion rate equals the difference between the price elasticity of export demand times the world interest rate and growth in export demand. In contrast to the existing literature, we show that the optimal depletion rate is unaffected by a temporary increase in price, but reduced by growth in demand which is in turn sustained by offshore steel production and urbanisation. The main theoretical implication is that growth in export demand from China reduces the depletion rate. Australian iron ore exports, simulated using this theory, move together with actual volumes over the period 1995-2011, and the error between simulated and actual iron ore exports is lower for the model in this paper than it is for the model without growth in export demand.
Download or read book Iron Ore Futures written by David Uren and published by . This book was released on 2021 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report argues that Australia’s troubled relationship with China will be influenced by which path the iron ore market takes over the medium term. China’s authorities are determined to reduce their dependence on Australian iron ore, both by seeking alternative supplies and by capping their steel production. However, China has been trying and failing to curb its steel production for the past five years, with many local governments ignoring central orders. In just the first six months of this year, 18 new blast furnaces capable of producing as much steel as Germany’s entire output were approved. Although China will never be able to rid itself entirely of the need for Australian supplies, this report warns that if an iron ore glut emerges, whether by Chinese government design or because of an economic downturn, the commodity may join the list of other Australian exports subject to Chinese coercion. The report also highlights that the effort to reduce its dependence on Australia will come at considerable cost to China. Australia is by far the cheapest and closest source of high-quality iron ore for China’s mills.
Download or read book China s Iron and Steel Industry Policy written by Lawrence Luo-lin Xin and published by . This book was released on 1985 with total page 100 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Australia s Linkages with China Prospects and Ramifications of China s Economic Transition written by Mr.Philippe D Karam and published by International Monetary Fund. This book was released on 2018-05-22 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: China and Australia have increasingly strong links, especially through trade. These are driven by demand from China for Australian commodities (coal and iron ore) and services (tourism and education). These links are influenced by China’s transition to a services-driven, consumer-led economy. Using ANZIMF, the Australia-New Zealand Integrated Monetary and Fiscal model, three risks (both upside and downside) to China during this transition process are considered, focusing on their spillovers to Australia. One simple takeaway is central to each risk – while the real GDP response to shocks in Australia typically is small, responses in demand components or sectors are usually much larger– along with three further takeaways, all of which help in the analysis of Australia in relation to any risk emanating from China.
Download or read book China s Impact on the Global Iron Ore Market written by Luke William Lapin Hurst and published by . This book was released on 2015 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The scale and pace of China's iron ore demand shock is unprecedented. This study sets out to answer the question of how the rapid growth in China's iron ore demand has impacted on the organisation and structure of the global iron ore market. In this context, it makes a corollary contribution to the analysis of bulk commodity market adjustment and the impact of short-run strategic interventions on long-term market outcomes. To answer the question of how China's growth has impacted the iron ore market, an economic framework is introduced to understand the theoretical structure of a bulk commodity market (like the iron ore market) and how it might be expected to adjust to a positive demand shock under competitive assumptions over the short- and long-run. The market adjustment framework is then applied to understand the historical development of the Asian iron ore market and the structure of the market in the lead up to China's demand shock. The competitiveness of the iron ore supply response to China's demand shock is analysed along with the impact of strategic short-run interventions by the Chinese state. The study examines the impact of Chinese state support for iron ore procurement and the short- and long-run effects of this support on the competitiveness of market outcomes; the examination of Chinese state support for vertical integration into African ore procurement is complemented by field observations of the redevelopment of Liberia's iron ore industry. The study suggests that although the iron ore market adjusted to China's demand shock in a competitive way over the long run, strategic interventions have also shaped outcomes in the market. The analysis concludes that short-run strategic interventions in the iron ore market have not been costless due to the long-run contestability of the market despite the bilateral advantages Australia has with the Asian market, such as geographic closeness. Over the long run, the study shows that supply-side interventions have led to the development of a competitive fringe to the Asian market and recent demand side interventions have led to the collapse of the benchmark pricing mechanism, which subsequently cost Asian importers from Australia considerable bilateral quasi-rents.
Download or read book Iron Steel in China Australia written by and published by East Asia Analytical Unit Department of Foreign Affairs and Trade. This book was released on 1995 with total page 124 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book China s Grand Strategy and Australia s Future in the New Global Order written by Geoff Raby and published by Melbourne University. This book was released on 2020 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt: Disruption has blown the old world apart. The rise of China, Trump's America First policies, division within Europe and successful defiance by authoritarian states are affecting the shape of the emerging new order. Human rights, rule of law, free media and longstanding global institutions all seem set to be weakened. Autocracies are exercising greater control over world affairs. Australia will need to engage heightened levels of diplomacy to forge relations with countries of opposing principles. It will need to be agile in pursuing a realistic foreign policy agenda. China's Grand Strategy and Australia's Future in the New Global Order contains answers for how Australia must position itself for this possibly dystopian future.
Download or read book Silent Invasion written by Clive Hamilton and published by Hardie Grant Publishing. This book was released on 2018-02-22 with total page 454 pages. Available in PDF, EPUB and Kindle. Book excerpt: In 2008 Clive Hamilton was at Parliament House in Canberra when the Beijing Olympic torch relay passed through. He watched in bewilderment as a small pro-Tibet protest was overrun by thousands of angry Chinese students. Where did they come from? Why were they so aggressive? And what gave them the right to shut down others exercising their democratic right to protest? The authorities did nothing about it, and what he saw stayed with him. In 2016 it was revealed that wealthy Chinese businessmen linked to the Chinese Communist Party had become the largest donors to both major political parties. Hamilton realised something big was happening, and decided to investigate the Chinese government’s influence in Australia. What he found shocked him. From politics to culture, real estate to agriculture, universities to unions, and even in our primary schools, he uncovered compelling evidence of the Chinese Communist Party’s infiltration of Australia. Sophisticated influence operations target Australia’s elites, and parts of the large Chinese-Australian diaspora have been mobilised to buy access to politicians, limit academic freedom, intimidate critics, collect information for Chinese intelligence agencies, and protest in the streets against Australian government policy. It’s no exaggeration to say the Chinese Communist Party and Australian democracy are on a collision course. The CCP is determined to win, while Australia looks the other way. Thoroughly researched and powerfully argued, Silent Invasionis a sobering examination of the mounting threats to democratic freedoms Australians have for too long taken for granted. Yes, China is important to our economic prosperity; but, Hamilton asks, how much is our sovereignty as a nation worth? ‘Anyone keen to understand how China draws other countries into its sphere of influence should start with Silent Invasion. This is an important book for the future of Australia. But tug on the threads of China’s influence networks in Australia and its global network of influence operations starts to unravel.’ –Professor John Fitzgerald, author of Big White Lie: Chinese Australians in White Australia
Download or read book China s Iron Ore Boom written by Luke W. L. Hurst and published by Routledge. This book was released on 2016-07-01 with total page 162 pages. Available in PDF, EPUB and Kindle. Book excerpt: China’s emergence as the world’s second largest economy has been driven by more than four decades of explosive growth. To support this expansion, China has required massive expansion in its steel production capacity, which is highly correlated to its demand for iron ore imports. The scale and pace of China’s iron ore demand shock has pushed the global iron ore market into a historical adjustment. Using economic frameworks, this book brings to bare new data and field observations throughout Asia and Africa to investigate how the rapid growth in China’s iron ore demand has affected the organisation and structure of the global iron ore market. The research provides several important contributions to the extant literature including analysis of whether the Big Three Asian market iron ore exporters coordinated to sustain the profits arising from the price boom; estimating the financial impact of the Chinese state’s intervention in iron price negotiations; and addressing the concerns arising from the Chinese state’s provision of cheap financial support for its companies’ iron ore procurement. Offering unique insights into China’s economic rise and the structure of the iron ore market, this book will be relevant to students and scholars of resource economics, and the Australian and Chinese economies.
Download or read book China s Great Wall of Debt written by Dinny McMahon and published by HarperCollins. This book was released on 2018-03-13 with total page 285 pages. Available in PDF, EPUB and Kindle. Book excerpt: A stunning inside look at how and why the foundations upon which China has built the world’s second largest economy, have started to crumble. Over the course of a decade spent reporting in China as a financial journalist, Dinny McMahon came to the conclusion that the widely held belief in China’s inevitable economic ascent is dangerously wrong. In this unprecedented deep dive, McMahon shows how, lurking behind the illusion of prosperity, China’s economic growth has been built on a staggering mountain of debt. While stories of newly built but empty cities, white elephant state projects, and a byzantine shadow banking system have all become a regular fixture in the press, McMahon goes beyond the headlines to explain how such waste has been allowed to flourish, and why one of the most powerful governments in the world has been at a loss to stop it. Through the stories of ordinary Chinese citizens, McMahon tries to make sense of the unique—and often bizarre—mechanics of the nation’s economy, whether it be the state’s addiction to appropriating land from poor farmers; or why a Chinese entrepreneur decided it was cheaper to move his yarn factory to South Carolina; or why ambitious Chinese mayors build ghost cities; or why the Chinese bureaucracy was able to stare down Beijing’s attempts to break up the state’s pointless monopoly over table salt distribution. Debt, entrenched vested interests, a frenzy of speculation, and an aging population are all pushing China toward an economic reckoning. China’s Great Wall of Debt unravels an incredibly complex and opaque economy, one whose fortunes—for better or worse—will shape the globe like never before.
Download or read book The Chinese Steel Industry s Transformation written by Ligang Song and published by Edward Elgar Publishing. This book was released on 2012-12-28 with total page 193 pages. Available in PDF, EPUB and Kindle. Book excerpt: 'Chinese economic reform and opening to the international economy since the late 1970s have changed the country and the world. The developments in the steel industry through the reform period are central to those changes, illuminative of them, and of immense significance in themselves. This book throws new light on these historic changes for Chinese and foreign readers alike.' - From the foreword by Ross Garnaut, University of Melbourne, Australia
Download or read book The Great Crash Of 2008 written by David Llewellyn-Smith and published by Melbourne Univ. Publishing. This book was released on 2009-10-01 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: As the world enjoyed the prosperity of an unparalleled boom, an economic earthquake was looming, and then struck abruptly. Bastions of finance collapsed, long-standing policy beliefs were abandoned, and governments charged into the rubble without time to watch their steps. But for those who were looking, the faultlines that ran beneath the boom had been apparent for years. In The Great Crash of 2008, Ross Garnaut and David Llewellyn-Smith take us through the imbalances that led to the global financial crisis, tracing the cracks that were appearing within the modern economy and presenting a whole-world view of reasons for the downturn. They assess the implications of the global financial crisis and offer hope for finding order in the wreckage, in restoring development and building a stronger and more sustainable world.
Download or read book Encyclopedia of Mineral and Energy Policy written by Günter Tiess and published by Springer Nature. This book was released on 2023-07-14 with total page 862 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Encyclopedia provides a cutting-edge, up-to-date reference source on mineral and energy policies around the world. It offers information on GDP, population, investment scenarios and current environmental regulations in over one hundred thirty countries from 13 geographic regions around the world. It covers topics such as geo-conservation, deep mining technology as well as rare earth, green technology and international organizations that are actively involved in minerals and energy through exploration, arbitration, marketing and investment. Topical entries are presented alphabetically with extensive cross-referencing to ensure user-friendly reading. This Encyclopedia presents the work of more than 20 section editors and more than 100 international experts in the fields of mineral and energy policies. It is designed as a essential resource for researchers, students, libraries, industry, governments, and international organizations and presents a wealth of insights and guidance for corporate planning regarding exploration and financial investments, as well as for venture capitalist and international funding bodies. As such, it provides an indispensable point of reference for future research on mineral and energy policy.
Download or read book By All Means Necessary written by Elizabeth Economy and published by Oxford University Press, USA. This book was released on 2014-03 with total page 299 pages. Available in PDF, EPUB and Kindle. Book excerpt: From two leading scholars in the field, a comprehensive account of the Chinese economy's explosive growth over the past 25 years.
Download or read book Chinese Investment in Australia written by X. Huang and published by Springer. This book was released on 2011-07-19 with total page 241 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides comprehensive coverage on the key issues of Chinese investment in the Australian minerals industry. It offers unique insights into the entry process, the management of Chinese investments, and their success factors and lessons learnt as being impacted upon by the entangling of political, economic, social and competitive forces.
