I saw this story in Bangkok today. China is looking at some grand plans which will help offset the slowing of the Chinese housing market as it will stimulate the entire region for base metals and iron ore. I think Cu prices will go through the roof by mid 2017. This current slowdown will only set the scene for even greater gains in years to come.
BANGKOK, 8 April 2015 (NNT) - The Department of East Asian Affairs under the Ministry of Foreign Affairs has reported on China’s “One Belt One Road” solidarity strategy.
The department explained that the “One Belt One Road” strategy is a proactive Chinese policy to expand the country’s role and influence on the international stage in counterbalance with the United States. The strategy involves omni-directional cooperation, connecting with all countries in Southeast Asia, the Middle East and Europe.
The progressive policy consists of two initiatives. The first initiative is to develop the New Silk Road Economic Belt, connecting the Middle East, Europe and Africa. The second initiative is the 21st Century Maritime Silk Road, connecting China with Southeast Asian countries.
The Chinese government also intends to establish the Silk Road Fund and Asian Infrastructure Investment Bank with 40 billion US dollars, to support capacity building in the aforementioned regions.
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