Analysis of the mining development path in China under the new normal based on global mining development experience

Since the financial crisis in 2008，the global mining industry went into a deep adjustment phase，China’s mining industry presents some characteristics of the downturn，such as weak growth，imbalance between supply and demand，the sharp decline in mining investment，etc.However，from the perspective of time and space，the mining downturn is not immediate and unique to China.This article will integrate mining production and other related industries data in the world after the second world war，focus on analysis of mining in the 1990’s recession periodic features.At the same time，we select the United Kingdom，Japan，the United States and other countries as the reference，to explore the development path under the depression of mining industry.Studies show that consumption of mineral resources and the mining cycle is closely related to，and before the arrival of mining recession，a country should take corresponding measures to maintain high growth from three aspects：resource strategy，industrial policy and choice，enterprise development.Meanwhile，this paper puts forward three-point proposal for the development of China’s mining industry in the new normal：to promote the evolution of mining production to high-end; to promote the integration of mining and its downstream industries; to accelerate the transfer of domestic mining to overseas.