From Ruchir Sharma’s ‘Breakout Nations’:

In 1998, for China to grow its $1 trillion economy by 10 percent, it had to expand its economic activities by $100 billion and consume only 10 percent of the world’s industrial commodities — the raw materials that include everything from oil to copper and steel. In 2011, to grow its $6 trillion economy that fast, it needed to expand by $600 billion a year and suck in more than 30 percent of global commodity production.