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China s emergence as the world s second largest economy has been driven by more than four decades of explosive growth. To support this expansion, China has required massive expansion in its steel production capacity, which is highly correlated to its demand for iron ore imports. The scale and pace of China s iron ore demand shock has pushed the global iron ore market into a historical adjustment.

Using economic frameworks, this book brings to bare new data and field observations throughout Asia and Africa to investigate how the rapid growth in China s iron ore demand has affected the...