Asia Risk 15: Commodity derivatives grow dramatically but Asia still not setting prices

oral-dawe

There is no denying the importance of physical commodities in Asia. According to World Bank figures, Chinese gross domestic product (GDP) nearly quadrupled between 2000 and 2008, growing from $1.12 trillion to $4.33 trillion. By 2008, the value added by the industrial sector accounted for 49% of GDP, providing some measure of the size of China’s demand for commodities. The global financial crisis has done little to hamper this development, with Chinese GDP growing by 8.7% in 2009 and projected a