China’s global shopping spree

China is busy buying up the world’s resources. Globally-acclaimed economist Dambisa Moyo explains what the global spree means for the rest of us. Denise Calnan reports

THE starting pistol has blown. The race is on. It is a sprint for the world’s rapidly dwindling natural resources. This gold medal means everything.

Human survival necessities such as water are under stress as the world’s population expands at a rate of over 26m people a year. The global community is set to hit 10bn by 2050.