China isn't the only country in Asia

Part of the discussion surrounding the remarkable rebound in commodity prices this year has been the sustainability of these moves given the diminishing economic leverage of resource consuming China after woefully slumping back on its growth with more than expected intensity resulting in a lack of substance finding strength in the upward move.

The boom created in resources over the past two decades have largely stemmed from the massive infrastructure spend started by the Chinese government in transitioning its country's economic policy from an obsolete communism system into a one operating by the mechanisms of the free market.

China's transformation into an economic powerhouse has meant the spotlight not only being shone on its achievements but also on the scrutiny regarding continuity of this existing feat due to the scale of enormity attached to it.

In the last three years alone world leaders have grown ever more skeptical over China's ability to continue on its illustrious growing path when considering the latest and extensive overhauls policymakers have been introducing to the system in order to shield the nation from unwanted economic consequences such as debt traps.        

The world's biggest miner is looking beyond China for buyers https://t.co/kk4gVSpK6K pic.twitter.com/L00spSb5rQ

— Bloomberg Markets (@markets) August 19, 2016

Many global miners have been gutted by the development after initially following projections that indicated the demand for commodities would remain constant when peaked thus creating a reason to expand production capacity. Fast forward a few years later and these same miners are scrambling to consolidate their balance sheets by cutting back on burdensome debts and unprofitable operations in an effort to keep investors at bay.

However as the situation in China worsens commodity prices seem to get more resilient suggesting correlation between the two detaching with the latter branching into new forms demand to satisfy it's supply.

The pace of China's consumption of world resources has almost overshadow the other pockets of opportunity with India the likely front runner to overtake the Sleeping Giant as the new growth story. Unlike the remnants of conformity in China's economy, India has poorly functioning infrastructure and a disparaging wealth gap between the rich and the poor but bundles of potential when it comes to improving the lives of its people which numbers 1.3 billion!!!

Based solely on comparable populations, India could very easily compete at the same height as China once did.

Whilst drifting South of China we find countries who've laid in the wings for many years being easily overlooked due to size of their economies however when combining each nation's economic activity one is able to envision the scope of potential that could very well be where commodities find their demand.

As much as China's rise in the global economic ranks has yielded great strides in distributing the powers more fairly amongst the world one aspect has been forgotten. The enormous strides made by the Asian continent has translated into an ability to compete economically with the other continents such as Europe and the United States.