The commodities supercycle may be over but there’s no replacement for China as the world’s factory, according to Citi.
From now on, commodities demand will come from a diversified group of regions including India, the Middle East, Latin America, Africa and countries belonging to Asean in Southeast Asia.
But this would not be enough to offset China, leading to slower worldwide demand growth for commodities and weaker global trade flows, the bank said.
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