GREY:NEVDQ - Post by User
Comment by
Terrebonneon Apr 19, 2015 4:02pm
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Post# 23644730
RE:China adds more stimulus
RE:China adds more stimulusThe world's second biggest economy is bound to need fine tuning from time to time, but the long term upward growth trend will continue for many more years, and the country's demand for copper will continue to grow for many more years. In 1989, China had a population > 1 billion. There were no cars to be seen in the streets, except the occasional government limo. There was no private ownership of cars, and most homes across the land did not have indoor plumbing, and only modest electricity capacity. Twenty five years of growth has seen millions buy cars and upgrade their homes, but there are still hundreds of millions who are still living the way they did 25 years ago. China's growth curve will continue at a minimum 45 degree angle until these remaining hundreds of millions have an improved standard of living. India will replicate this story. Copper will be in tight supply for decades. That's the view of this patient, long term investor. And, that's why I love NCU.