Huge Demand For Oil, Metals And Commodities Is Expected In China And India
Albanian Minerals President and CEO Sahit Muja said "The unprecedented urbanization in China and India will double the population of cities in 20 years"
Online, June 26, 2011 (Newswire.com)
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Huge demand for oil, metals and commodities is expected in China and India
Albanian Minerals President and CEO Sahit Muja said "The unprecedented urbanization in China and India will double the population of cities in 20 years"
"China and India may move about 500 million people in urban areas in 20 years, this will be the larges migration in world's history"
Mr Sahit Muja said "Boosting demand for housing and commercial real estate is threaten India's and China's food security.
China and India is reducing the area available for growing crops and grazing animals needed to feed the world's most populous countries".
Albanian Minerals President and CEO Sahit Muja said "Demand for food and water is expected to increase dramatically in China and India.
Demand for crude oil, natural gas , gold, copper, aluminum, nickel, lead, ferrochrome, steel, iron ore, chrome ore, aluminum and other metal and natural resources is likely to go up 500% in 20 years".
China and India spends billions of dollars developing new cities, power plants, roads, high-speed rail networks and airports to accommodate the masses move.
China has move more than 300 million people into urban areas in the past three decades .
India has move more than 200 million people in urban areas in the past tree decades.
India, with 1.21 billion people is the second most populous country in the world, while China is on the top with 1.35 billion people.
China represents a 20% of the world's population so one in every five people on the planet.
India represents almost 17.31% of the world's population. Indian population increase of more than 181 million during 2001-11.
India is set to take the number one position of most populated country by 2030. With the population growth rate at 1.58%, India is predicted to have more than 1.53 billion people by the end of 2030.
More than 50% of India's current population is below the age of 25 and over 65% below the age of 35.
About 70% of the population lives in some 638,000 villages and the rest 27.8% in about 5,480 towns and urban cities in India.
Albanian Minerals