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Made in China

China is clearly a major player in the world’s economy. Analysis by Oxford Economics and BCG suggests that China’s absolute gross domestic product could grow by 30% from today to 2030—putting the nation roughly on par with the US and the EU in contribution to absolute global GDP. And China’s metals and mining industry has played—and will continue to play—a huge role in its GDP growth. Analysis indicates that, by 2030, about 40% of China’s GDP will depend on raw materials, and 5% of it will come directly from metals and mining.

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But China's economy is maturing—shifting from fixed capital formation to consumption and services. This change affects the country's raw materials requirements and thus its mining industry.