date:Nov 13, 2012
the near term, due to resource constraints and theunfavorable macroeconomic dynamics in Western markets. From avery strong compound annual growth rate (CAGR) of 15 percent over
the last decade Rabobank expects Chinese export CAGR to declineto low single digits in the next few years. The Chinesere-exporting industry can seek to strengthen its position in thevalue chain through vertical integration by acquiring Westernprocessors of the final product or by controlling raw materialsupplies.