China surging material demand

Though China’s share of world economy (or GDP share) was 4.7%, its consumption for raw material is massive. This is especially true with China’s boom in its construction industry where its demand for construction materials surged for the last few years, amounted to about 50% of the world cement usage.

This also explains why the demand for steel (28%) and aluminum (15%) were much stronger than the rest of the world. Such trend is a threat to the environment, especially its high usage of coal which caused massive pollution. However, the Chinese government is stepping its way to curb this problem.

Below is the chart of China GPD among global GDP and material consumption among global consumption the year 2004:

1.   China contribution to global economy

2.   U.S top 10 trading partners

3.   China share of US import market

4.   China share of ASEAN import market

5.   China surging material demand

6.   GDP growth rate of global largest countries in terms of GDP

7.   Shares of global total exports and imports of top countries

8.   Shares of total imports of global top countries

9.   Shares of total exports of global top countries

10. Foreign exchange reserves of global top countries