The lion’s share: what’s behind China’s economic slowdown?

China accounts for 12 percent of global demand for commodities, 60 to 70 percent for iron ore and soybeans, and 40 percent for copper (Coates and Luu, 2012; Pettis, 2013). As for crude oil, China imports at least 6 percent of the global supply to satisfy 60 percent of its consumption.