China's Global Buying Spree - Risky Business
With so many high-profile deals on the table, many in both China and the West have questioned whether China has the marketing and management talent to make these acquisitions work. China's record on this topic is mixed.
More Shots Fired in Chinalco-Rio Spat
In a surprise move, China's Ministry of Commerce announced that it has regulatory authority over the proposed iron ore joint venture between Australian miners Rio Tinto and BHP Billiton.
Minmetals Buys OZ
China's official news agency Xinhua, however, has been unrestrained in its criticism of Rio, labeling it "perfidious" and likening its actions to those of a "cheating" spouse.
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