China plenum likely to liberalise minerals sector

• Autores: David Green
• Localización: Industrial Minerals, ISSN 0019-8544, Nº. 557, 2014 (Ejemplar dedicado a: Febrero)
• Idioma: inglés
• Texto completo no disponible (Saber más ...)
• Resumen

  • The historic'third plenary' meeting of China's top leaders in Beijing last November concluded with a "resolution" pledging to allow the market to play a more "decisive" role in the allocation of resources.

    "China may be willing to accept much more participation of private capital (foreign and domestic) in research and development joint ventures or joint ventures with existing producers for the purposes of expanding and sharing environmental best practices and more efficient utilisation of rare earth resources," added [Jeff Green]. "The latter is particularly important because many Chinese magnet manufacturers, for example, are much less efficient than their Japanese and European counterparts." Analysts offer mixed views on what the plenary policies mean for domestic industrial minerals demand, though most agree that it is China's future urbanisation rate that will prove the key factor. While [Simona Gambarini] points out that plenum's $6.4 trillion programme to bring 400m people into cities over the coming 10 years will probably spur demand for industrial metals and raw materials, with an important caveat; "Recent government moves call for slowdown of urbanisation aimed at ensuring adequate provision of public services for new migrants," explained [Frank Tang].