02062cas a2200265 a 4500 AALejournalIMF017139 230101c9999 xx r poo 0 0eng d 5.00 USD 9781475541069 2522-7890 BD-DhAAL BD-DhAAL Kolerus, Christina. China's Footprint in Global Commodity Markets / Christina Kolerus, Papa N'Diaye, Christian Saborowski. Washington, D.C. : International Monetary Fund, 2016. 1 online resource (26 pages) Spillover Notes <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This note assesses empirically the role Chinese activity plays in global commodities markets, showing that the strength of China's economic activity has a significant bearing on commodity prices, but that the impact differs across commodity markets, with industrial production shocks having a substantial impact on metals and crude oil prices and less so on food prices. The size of the impact on the prices of specific commodities varies with China's footprint in the market for those commodities; the empirical estimates indicate that, over a one-year horizon, a 1 percent increase in industrial production leads to a 5-7 percent rise in metals and fuel prices. The surprise component in Chinese industrial production announcements has a bearing on commodity prices that is comparable in magnitude to that of industrial production surprises in the United States, and this impact is much larger when global risk aversion is high. Mode of access: Internet N'Diaye, Papa. Saborowski, Christian. Spillover Notes; Spillover Notes ; No. 2016/006 Full text available on IMF http://elibrary.imf.org/view/journals/062/2016/006/062.2016.issue-006-en.xml IMF e-Library