- Language: English
- 108 Pages
- Published: January 2012
- Region: China
The Potential Risk Of China's Large And Growing Presence In Commodities Markets Jun 11
- Published: June 2011
- Standard & Poors
China has been pushing the global economy forward with seemingly unstoppable force over the past decade. In recent years the country sustained well-above-average GDP growth and leap-frogged Japan to become the world's second-largest economy, after the U.S. China's growth as a consumer of commodities, particularly for the past three years, has had dramatic ripple effects across world commodities markets--straining supplies, causing prices to soar, spurring production capacity expansion projects, and setting in motion a wave of mergers and acquisitions (M&A). And this has all occurred despite the still-anemic pace of recovery in most of the major developed economies. Surging commodities prices, in turn, have bolstered the financial performance of rated commodities-producing companies. (Watch the related CreditMatters TV segment titled, "China?s...
Companies mentioned in this report are: China (People's Republic of)
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.
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China (People's Republic of)
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