RBA’s Kent Says Chinese Demand for Commodities to Remain Strong
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China’s demand for commodities will grow “strongly” for some time, albeit at a slower pace, Reserve Bank of Australia Assistant Governor Christopher Kent said.
“Because the Chinese economy is so much larger now, even a somewhat slower rate of growth represents a large quantity of new demand for raw materials,” Kent said in the text of a speech to be delivered today in Perth, capital of Western Australia state.