I guess it affects us in a couple of ways. The main effect of China is as a driver of mineral prices. Most of our mineral exports still go to the U.S., but the prices are driven globally by Chinese demand. That is to our benefit. Obviously with higher prices, everybody from companies to employees makes more money. That's the main driver from China.
They are certainly trying to produce more of their own minerals and metals. They still have enormous needs in most areas. Just looking at the growth going forward, the World Economic Forum has projected that even in the years 2020 to 2025, and thus 15 or 20 years from now, their annual growth is still going to be in the 7% to 9% range. That will be on the base of a very large economy at that time. And in India, obviously on the heels of China, there's going to be tremendous growth. I mentioned in my remarks the growth that will take place in consumer product areas—computers, iPods, etc—which all contain minerals and metals. Obviously the growth they aim to continue to have as the world's manufacturer will drive a big demand for minerals and metals.
A final area in which China is going to be more noticeable in the coming years is as an acquirer. That may raise some public policy issues, if it is state-controlled enterprises that are making large bids for companies. Those kinds of issues will have to be dealt with at the time, I suppose. I think we anticipate China's having the capital to make acquisitions in these areas, because it's critically important for them and their economy to have supply of these raw materials.