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'Winners Take All' author Dambisa Moyo breaks down how China's aggressive approach to acquiring more resources could drive prices higher.
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-- -- guests coming up on China and we do and she happens to be here right now.
She says that by China's buying more commodities.
That any country in the history of the world being more aggressive than anyone has ever been and that could have some huge consequences.
For the rest of -- be some -- is the author of the book winner takes all.
China's race for resources what it means for the rest of the world she's here in studio great to see you -- and I thank you for coming on but before we get to that.
In the present day China is slowing down right and it's a question of how quickly that's happening so.
That might challenge the thesis of your book if it happens very quickly in China crashes or has -- hard -- what's happening right now in China.
Look China's not going to cracks I think -- -- about all dates indicates that there is a slow.
The -- -- a soft landing in the economy but the worst case estimates that I've -- now around 77 and a half percent of GDP and in credit which is not too bad I'm I think anything below six we should we be be worried.
I think it's interesting because that the people who.
Think that China is gonna fall off some sort of a cliff for it's going to be a real -- hard landing crash wherever they they -- buck -- just nonsense they're making an opera they don't believe it but you say it's fairly.
Well below -- I mean I think eight the president fundamental question is whether or not the government will step and if problems continue to persist I think the evidence is that they will last week they intervened in the markets of the first time that a rate cut 25 basis points that something hadn't seen in -- long time.
And I think there is a lot of them ample room to intervenes with the stimulus package if need be.
So will they make significant changes in the strategy that you talk about -- their book which is basically we're gonna go out buy up all the resources that are available wherever they are whether that's going to Africa and buying up.
Match resources there -- those commodities here there everywhere else will that strategy change because of the economic changes.
-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- And I think that type a strategist force -- -- resource prices much higher than they write down the -- be OK so long term it means what for prices on a very simplistic level people higher.
Much higher prices for any land water out of energy and minerals higher and they know people think that we do that we haven't get a reprieve from supplying energy I think that -- might be overplayed last thing can we do something different change that accidentally putting the united distance negotiate much more aggressively in -- multilateral fashion with the rest of the world and especially China especially China yeah.
All right good stuff than we covered a lot of ground I think in a short amount of time vendors to thank you very much for having some Moya with the senate today winner takes all.
Is the book and.
