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China is hoarding commodities like never before

The big dive in the prices of oil and other commodities has incited China to hoard oil, coal and corn like never before.

Photo: Georg Hammerstein/POLFOTO/ARKIV

China is hoarding oil, coal and corn like never before, as the oil price has dropped along with the prices of other commodities. And the country is saving huge amounts, which are being invested in infrastructure projects abroad. The Wall Street Journal writes that, according to an expert, China is the big winner of the commodity war.

Commodity deposits are filled to the brim, and if prices are maintained at the current level, China will save USD 250 billion this year alone.

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