China is enjoying a resource boom
Nick Trevethan says that investors aren't buying Nouriel Roubini's China pessimism:
Famed market bear Nouriel Roubini may be talking down China, but resource firms are betting billions that rapid urbanization and economic growth will soak up the country's massive infrastructure investment and prevent a hard landing.They are buying up competitors, investing in new capacity and speeding expansion projects to feed breakneck growth in raw materials demand in the world's top consumer of commodities.
