LONDON, September 14, 2017
LONDON, September 14, 2017 /PRNewswire/ --
In this CRU spotlight, John Johnson, Country Manager, CRU China, introduces China's "Made in China 2025" strategy (MiC2025), and how it may impact the commodities followed by CRU. CRU's China office research suggests that this new strategy, which is not widely understood outside of China, is likely to be a major disrupter to world commodity markets.
At first sight, the 10 advanced industries identified in China's MiC2025 strategy do not appear relevant to the world of "commodities", but global mining companies and downstream metals producers are rapidly re-evaluating their own strategies, partly as a result of this policy, since it is likely to change the playing field in which they operate. Two recent examples include BHP Billiton and Glencore declaring a significant move into new battery metals.
The above list is anecdotal and represents just a few recent news stories from China, but it is indicative of China's huge growth potential in higher value manufactured items, which is the focus of the government's "Made in China 2025" initiative.
Read the full story: http://bit.ly/Made-in-china-2025
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