China's Vulnerability Paradox

Download or read book China's Vulnerability Paradox written by Pascale Massot and published by Oxford University Press. This book was released on 2024 with total page 313 pages. Available in PDF, EPUB and Kindle. Book excerpt: "In the summer of 2022, the Chinese government announced the creation of a $3 Billion state-owned iron ore giant, the China Mineral Resources Group, whose mission is to manage the multifaceted undertakings of iron ore imports, processing and trading, as well as overseas investments. This was an extraordinary announcement and in many ways the culmination of at least fifteen years of frustrations on behalf of leading Chinese iron ore market stakeholders. There is something paradoxical about China's relationship with and impact on global commodity markets. On one hand, within a very short period of time, China emerged from being an almost complete outsider to becoming the principal player in most commodity markets"--