Google, Rio Tinto & The China Business Environment

Friday, March 26th, 2010

Two stories – Google’s exit, and Rio Tinto’s trial – have dominated the China business news over the past week(s). While the cases are very different (see some links below this post), they have appeared together in many reports, and conversations. This is because they both relate to foreign firms facing problems in China, and […]

Rio Update: Charges, Representation & Farce

Tuesday, August 18th, 2009

Well, we have covered the Rio story so far (see: “Oh Rio…”; “Rio & China’s Arrested Development” and “The Perfidy of Rio”), so feel we must press on… The “Rio 4”, who have now been charged with bribery (but not the more difficult spying / state secrets charge), have appointed leading law firm Duan & […]

Oh Rio…

Thursday, July 30th, 2009

The Rio case (see earlier post here) has continued to generate headlines as it manages to encapsulate several good news themes – China’s economic growth (and need for raw materials), its impact on trade (and need for raw materials), its continued investments overseas (and need for raw materials), its lack of transparency in legal (or […]

Rio & China’s Arrested Development

Monday, July 13th, 2009

The big China / corporate / M&A story of recent times was Chinalco’s bid for Rio Tinto (see here, there and everywhere). As we reported, the deal fell through – to the dismay of many in China. The state media made “The Perfidy of Rio” sound like sour grapes. Now there has been a more […]

The Irony of Rio

Monday, June 22nd, 2009

The fallout from the failed (perfidious) Rio / Chinalco deal continues to come and, as we Twittered here, the irony (pun intended!) is that China’s failure to secure the deal is related to China’s success in stimulating the economy: – China stimulation a cause of deal frustration RT @caijingonline: Rio Tinto\’s Chief Disappointed… http://t.caijing.com.cn/3Ub4tU 8:02 […]

Don’t Quote Me (On The Perfidy of Rio)

Monday, June 15th, 2009

We have a cracker of a quote this week, thanks to the balanced reporting of the good folk at Xinhua… While framing Chinalco as a “white knight” saviour, Rio gets slated for renegotiating, and scuppering, the deal as the market picked up (something they may have learned from dealing with savvy Chinese iron ore negotiators). […]

It’s a “No” from Rio. But a “Yes” for ODI.

Friday, June 5th, 2009

As we reported on Twitter: “Rio’s says no to Chinese ODI – WSJ: Rio Tinto Scuttles Its Deal With Chinalco http://bit.ly/Ogrf9” This is just the latest news on China’s overseas direct investments (ODI – more here). It may have failed, but others have succeeded, and China’s appetite for resources (and the “odd” brand…like Hummer) is […]

Briefly…Exports Down; Rebates Up; ODI Up

Wednesday, February 18th, 2009

So much news, and so little time! We are experimenting with a new format that allows us to give maximum news in minimum time. So, in addition to our regular posts, here is some more news, in brief: China’s January exports fall 17.5% from a year ago Los Angeles Times – CA,USA The biggest percentage […]