Securing Asia’s resources and energy
Securing Asia’s resources and energy, East Asia Forum, 19/02/2013
Interview with Mike Henry, BHP Billiton, Andrew Kennedy, ANU, and Peter Drysdale, ANU
EAFQ : How important is access to raw materials for Asia’s economic outlook?
Mike Henry : Reliable supply of commodities remains an essential underpinning to continued economic development in Asia. Notwithstanding slowing GDP growth in China from double-digit levels to an average of around 7 or 8 per cent per annum, absolute growth of the Chinese economy in the decade ahead is still expected to be roughly twice that of the past 10 years. Elsewhere in Asia other developing economies are also expected to continue to climb the economic ladder. All of this economic activity will require substantial quantities of raw materials…