China’s “precarious” debt trajectory and its slowing population growth mean it could be eclipsed by India as the world’s most important buyer of minerals in a decade, according to Dambisa Moyo, the global investor and economist.
Moyo, who was speaking at the Diggers & Dealers mining conference in Kalgoorlie in Western Australia, warned that China’s debt and demographic challenges would become “incredibly problematic over the next 10 years”.
She said that those structural challenges would intensify China’s “struggle to manage a lot of their policy initiatives from the centre in terms of their political approach”.
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