India must dodge China’s grey Rhino
Some risks arrive as sudden shocks: black swans. Others, like a grey rhino, move slowly and advance in full view, long before they hit. China’s “initiative on green minerals”, unveiled by Premier Li Qiang during the G20 summit in Johannesburg, falls in the latter category. By rallying 19 mineral-exporting countries around its finance and mineral processing power, Beijing is rewiring markets for these metals.
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