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Thursday, October 23, 2014

China is a huge Power; But it needs Resources

“The other issue that is not frequently discussed is the increased tensions in southeast Asia. China is a huge power; it needs resources. It will have to make sure the resources will always flow towards China, notably oil, iron ore and copper, and the U.S. has had this pivot to Asia which they declared about two years ago…which if you are Chinese, it’s a hostile move.”

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.


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