Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Taikun who wrote (56576)	11/27/2004 9:30:45 PM
From: RealMuLan	Respond to of 74559

David, the trade spat bet. China and the US, seems to me, is more like a show than real<g>

To: Taikun who wrote (56576)	11/27/2004 9:48:19 PM
From: RealMuLan	Respond to of 74559

Chinese not the acquisitive kind By Jan Eakin November 27, 2004 Page Tools Email to a friend Printer format Chinese companies are "beginning to flex their muscles" as they look to diversify their interests outside of mainland China within the next 12 to 18 months. But while Australia's natural resources might be a focal point as China tries to keep up the pace of its rapid industrial expansion, the head of UBS Asia-Pacific said he believed acquisitions in the local resources industry were not necessarily on the agenda. Rory Tapner, who is based in Hong Kong but has been visiting the investment bank's Australian operations as part of a push to strengthen and expand its operations in the region, said the Chinese moved "very, very fast" but egos were not yet part of their corporate "mind-set". "You need to be quite careful about distinguishing between commercial arrangements that have access to the resources as opposed to a need to own a [mining] company," he said. "They are natural traders and they will work out what is the best way to do what they are trying to achieve. And there is no great pride ... that they've got to be a big company and they've got to be in charge of it. Advertisement Advertisement"They just get on with what is actually necessary. It's quite a different mind-set out there." smh.com.au