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


To: Gib Bogle who wrote (72071)1/16/2010 4:53:23 PM
From: elmatador  Read Replies (1) | Respond to of 74559
 
Collapse thread passes 60.000. Soon will overtake this desert of ideas down here.



To: Gib Bogle who wrote (72071)1/17/2010 3:45:53 PM
From: Snowshoe  Respond to of 74559
 
Given China's economic progress, the stakes are much higher now than 10 years ago. It's become a major part of the global economy, yet it lies suffocating under the weight of a giant thought-control apparatus. Who wants to go to China if you can't even use Google, and have to worry about being arrested? No wonder this year's iron ore price negotiations are being conducted from a distance...

Iron ore giants, China square off over pricing
cbc.ca

Last July, China arrested four Rio Tinto executives and charged them with bribery and infringing trade secrets. They are still being held and have yet to face trial.

"I consider them almost as hostages in the negotiations," Letourneau told CBC News. "So, it makes it very difficult for iron ore executives to even want to set foot in China now because you never know what's going to happen."

In fact, the Financial Times and Agence France-Presse have both reported that this year's negotiations are being held in Singapore.