U.S. is losing control of the world’s natural wealth to China
October 25, 11:31 AM
China has an insatiable appetite for the world’s natural resources to sustain an economic boom that powers ahead despite the global downturn.
The quest for raw materials is the central goal of the country’s foreign policy. And virtually every natural resource imaginable is found just over the border.
Russian far East have large reserves of natural gas, oil, diamonds and gold, while millions of square miles of birch and pine provide supplies of timber.
All this amounts to an astonishing combination. A densely packed country trying to keep its economy roaring ahead by laying its hands on natural resources, living alongside a largely empty region with huge mineral wealth and fewer inhabitants every year.
Russia and China might operate a tactical alliance, but there is already tension between them over the Far East. Moscow is wary of large numbers of Chinese settlers moving into this region, bringing timber and mining companies in their wake.