03 April 2009

China and mineral wealth

China has started putting more pressure on to aquire ownership stakes in Australian mineral resources. At a time when demand (in China) for these resources has fallen, obviously Chinese aims to aquire are based on the notion that the lull in demand won't last. So buy up while prices are low due to the financial crisis. It's really perfect timing for State-Owned Chinese companies to move in.



Australia has a lot to lose of course in losing ownership in it's own mineral wealth...

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