Opinion: China’s bully-boy tactics come back to bite

14 Jul 2009

As criticism mounts against China’s arrest of Rio Tinto executives was driven by a desire to get cheaper iron ore prices, the nation’s use of such rough actions is damaging its own steelmakers.

China is continuing to face accusations that it detained four Rio Tinto executives for spying late last week due to vindictiveness and in an attempt to get cheaper iron ore.

It’s not proving to be a very smart move. Iron ore spot prices in China reportedly ...

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