The rise of the developing world is really just a return to
business as usual.
After all, until the 18th Century, India and China were the
richest countries on the planet. For 18 of the past 20 centuries China had the largest economy in the
world until the 19thcentury and the industrial revolution.
Chinese companies will continue to make international acquisitions such
as the purchase by Bright Food of the controlling stake in Weetabix, which owns
the breakfast cereal brand as well as Alpen and Ready Brek.
Bright Food will take a 60% stake in Weetabix in a deal that
values the company at £1.2bn.
Meantime as evidenced by the recent purchases of Corn from the
US, China will continue to be a major buyer in the international agri markets
in response to demand from its burgeoning middle classes.
With a population in excess of 1.3 billion (approximately 20% of
the world’s population) imagine the implication for Western consumers should an
early morning cup of coffee become the beverage of choice!
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