What impact does the growth in the Chinese economy have on resource availability?

Question

Resource availability in terms of global demand. Also, it is somewhat related to opportunity cost and scarcity.

Answer 1

The growth in the Chinese economy would have a tremedous effect on the world economy.
The fact that they have the oldest civilisation presently on earth (and the largest population on earth) provides an opportunity through which the ideas of the leaders could be most effectively implemented by the people (bear this in mind; with civilisations, people spend time towards improving existing systems thus the older a civilisation means the most productive the society should be expected to be).
Having this in mind and also with the present capitalist ideals, the growth in their economy would mean they would have the capacity to call up resources from any location in the world and have it shipped to China.
Presently, the country is creating alliances with countries in Africa that have required resources they need. These long term alliances could guarantee discounted prices for their demand while at the same time, create some form of scarcity of resources for the global market. Coupled with the industrous nature of the Chinese, it should be expected that consumer goods will still be churned out at the present rate and present (or lower prices) thus increasing its economic bases and possibly making it a super power.

I generally feel Chinese growth will result in scarcity of resources available in the world market and a general increase in prices for consumer goods. Global demand would be at sync with Chinese output and it should be expected that the present world domination by the West would be greatly affected by this possiblity.

Answer 2

Chinese economic growth increases Chinese demand for raw materials, like oil, which increase worldwide demand and puts upward pressure on prices, all other things being equal.