Marc Faber : The Chinese Slowdown will have a huge impact on the demand for Commodities

Marc Faber : “It has never happened before that a country’s share of commodity consumption for aluminum, copper, zinc and nickel goes from 10 per cent in the year 2000 to 30 or 40 per cent in just 10 years. It’s an unbelievable change in the balance of demand for raw materials. “A consumer-driven economy is much less cyclical than a capital-spending economy. If the Chinese economy experiences a significant slowdown, it will have a huge impact on the demand for commodities.” - in Edmonton Journal