Why the West should beware of Beijing’s commodity splurge.

China also has a $586 billion stimulus plan that has surpassed the United States in sending money out to build infrastructure. Banks have loosened lending dramatically. So, despite the fact that Chinese exports have dropped 25 percent on last year, the domestic economy is managing to stay in growth mode. Unlike many in the West, Beijing's taking a long-term view of development. China's executing a clear strategy to gain materials to keep on humming into the future. It's strange that no one in Washington is watching.