cbwang888 (29.79)

No free & failr trade with China (Rio Tinto Employee Said to Face Espionage Charge)

July 09, 2009 – Comments (0) | RELATED TICKERS: UYM

Story: Rio Tinto Employee Said to Face Espionage Charge

-------------------------------------------

Rio Tinto Group, stationed in Shanghai, China's detention of four RTP staff, highlighted in the implementation of the expansion of China's ambitions on the world's resources have been almost unscrupulous.

In fact, Rio Tinto and related procurement, investment in China is just an attempt to control the world's key business tip of the iceberg, the Chinese state-owned enterprises in recent mining-intensive investment in Australia, the Australian side trigger resentment, but most of aborted merger plan, as the Australian alert the public that the sale of significant assets to the Chinese, may have a disaster, a little careless, but also could endanger the entire country.

 Chalco bid 19.5B USD to Rio Tinto shares rose 9 percent from 18 percent, and won two director seats the case against the Australian M & A deal to use the Chinese army in Tiananmen Square to occupy consecutive Lens, accusing the Australian government will sell a mineral resource in the suppression of democracy protests in 1989, resulting in the death of thousands of protesters in the country.

Most of the state-owned Chinese enterprises, there are 115,000 state-owned enterprises, including 150 directly by the central government in charge of a few to the iron and steel industry as an example, the outside world will challenge the acquisition of China's big stake in mining companies overseas, with a view to to ensure that the steel price stability, so that Australians of Chinese companies to buy even more suspect motives.

China's largest metals trader Minmetals acquisition of Australian mining company OZ Minerals Ltd's proposal, by the Australian government rejected on the grounds of national security, in order to defeat China's M & A action in another case, the acquisition of Minmetals Group to amend the conditions while attempting to re-enter still failed.

Japan's Sankei Shimbun put it bluntly, "China M & A mineral enterprises in Australia, sparked international alert to its power"; the British Financial Times warned that China may control the world's resources, the acquisition of action will continue in the future.

=================================================================

In short, China wants US T-bills no more. They want to buy up many miners and the rights of miningby all means.