To those who are willing to help, thank u so much. I need a detailed answer which might include diagrams or graphs. It' s kinda urgent tysm:)

Considering the graphs below from the Reserve Bank of Australia Statement on Monetary Policy, August 2021, answer the following questions. Graph 1.12 China - Steel Production and Iron Ore Imports* Monthly Mt Crude steel production Iron ore imports Mt 90 90 Total 60 60 From Australia 30 30 2011 2016 2021 2011 2016 2021 Seasonally adjusted by the RBA Sources: CEIC Data; RBA (i) Briefly, what factors have driven the growth in crude steel production in China over the past 10 years, as shown on the left-hand graph? [2 marks] (ii) Explain how this growth in crude steel production has affected economic welfare in China and the rest of the world. [3 marks]