The Mineral Industry of China in 2011
2011 Minerals Yearbook CHINA U.S. Department of the Interior September 2013 U.S. Geological Survey THE MINERAL INDUSTRY OF CHINA By Pui-Kwan Tse China ranked second behind the United States as the world’s one child policy in the latter part of the 20th century. China’s leading economic power and was a leading mineral producing investment-to-GDP ratio was high (49.7% in 2011) compared and consuming country. In 2011, China’s economy remained with that of the Republic of Korea, 29.5%; Taiwan, 21.1%; strong even as most of the developed countries in the West were Japan, 19.9%; and the United States, 15.9%. Also, the country trying to recover from recession. During the past two decades, was likely to be confronted with social and environmental China’s economic growth was created by a combination issues that had been ignored during the past two decades of of trade and investment, which greatly affected the global development (Citigroup Global Market Inc., 2012a, p. 7; commodity market. China imported significant amounts of National Bureau of Statistics of China, 2012a, p. 1–9). raw materials and transformed the materials into products for export. The country’s demand for energy, minerals, and metals Minerals in the National Economy was particularly strong. During the 1980s and 1990s, China’s China is rich in mineral resources and was the world’s leading commodity exports went primarily to the United States and producer of aluminum, antimony, barite, bismuth, cement, Europe; however, during the past several years, intraregional trade coal, fluorspar, gold, graphite, iron and steel, lead, magnesium, in Asia increased significantly, which benefited other emerging mercury, molybdenum, phosphate rock, rare earths, salt, talc, economies in Asia, especially those that exported raw materials to tin, tungsten, and zinc in 2011.
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