BHP Billiton Provides Update On Next Phase Of Asian Growth Cycle – Quick Facts
(RTTNews.com) – BHP Billiton (BHP.AX, BLT.L, BBL, BHP) outlined its productivity agenda to capitalise on the next phase of the Asian growth cycle. The company said the commodities that would feed future China growth would require Australia’s resources industry to continue to improve its competitiveness. As China transitions to a more consumption based economy, the company expects that commodities supporting the production of food, energy and consumer goods will see more durable demand growth over an extended part of the economic development curve.
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