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"The effect of metals speculation was to push up the prices that China had to pay to countries like Australia. This squeezed China. Once the speculative demand ended, all of a sudden the added production facilities that had been brought into production by the high prices went out of production again, and there was a glut."

— Michael Hudson
michael hudson Quotes China,Australia,Effects

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Michael Hudson
China
Australia
Effects
Metals
Speculation
Facility
High Prices
Push Ups

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