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Commodities

China determined to build iron ore hub in Africa as Australia goes Quad

World's largest untapped reserve in Guinea could be online by 2025, expert says

NEW YORK -- There was a time when Japan, like China today, was the rising power in the East that kept military planners in the West awake at night.

"It is very certain that no other nation at the present time is spending so large a part of its revenue on naval preparations," military author Hector Bywater wrote in the 1921 book "Sea-Power in the Pacific -- A Study of the American-Japanese Naval Problem."

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