Enter the Dragon: economic turmoil and resource acquisition

March 10, 2009 | 00:00

Enter the Dragon: economic turmoil and resource acquisition

The economic crisis has taken a heavy toll on commodity prices as demand destruction firmly sets in. While Western oil, metals and mining giants rethink investment strategies in light of commercial constraints, China will continue to use the downturn as a ‘perfect storm’ to invest on strategic grounds to fuel long term domestic growth while underlining the pronounced role of the state in natural resource acquisition.

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