Saturday, July 03, 2004

Fortune: New Economy vs Old Economy

Fortune has some interesting statistics:

"Last year China consumed half of the world's cement output, one-third of the steel, one-fourth of the copper, one-fifth of the aluminum."

"The price of steel rocketed earlier this year, and some suppliers put customers on allocation. Ditto for copper and aluminum. Some contractors in Florida can't get cement at all. Nothing like that has happened in ages."

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