review ozl oz minerals limited mineral resourc, page-27

China's share of global GDP in 2040 will be about 40 percent -dwarfing that of the United States (14 percent) and the European Union (5 percent). The size of their economy 30 years from now is estimated at over $120 trillion. Most westerners have a very limited understanding of the pace, enormity and duration of China's rise, and there's definitely been a recent popular misconception that China's economic development is coming to an end, and that all associated industries that rely on it will come crashing down. It's a fundamental flaw in people's thinking to compare the recent history of US and European economic activity and therefore assume some near future crash in China. Spot pricing of commodities while a powerful source of emotive commentary is not very useful in this type of analysis. Australian mining companies have been valued on spot prices and economic and market performance predominantly in the EU and US during this prolonged GFC/Post-GFC cycle. At some point in time, when western thinking about China's economic reality becomes clear, share prices will return to factor in future earnings.