I thought to start this thread on the bullying and intimidating action of Chinese Government by holding a Rio executive in the name of espionage.
They now claimed that commercial sensitive materials were taken by offering bribe
That was a joke. As you ask any person doing business in China about the level of bribery and corruption there. It is irony that the level of corruption probably no less than that in Indonesia. China got away because of their massive financial power and population, Virtually all countries are now making their goods in China.
Question comes what happens next if Chinese companies totally denounce the copyrights of several products such as Sony, Panasonic and others and start imitation products without giving rats ?
How many bxxls will have our Prime Minister to say to his counter part if CHinese wants to show a lesson to Rio by sheer intimidation and hang the Rio personnel ? Probably they will leave the Aussie one but certainly hang their own country persons. They give xxit to us. They killed Tiernaman (sorry for spell) students, humilated Dalai Lama - who could raise any thing against them. We are all sold before China.
The damages IMO just started and wait and see with recent Chinese takeovers.
Rio has never had far sight and that was well proven their rejection of BHPB offer. Offering bribes by Australian companies outside Australia is an open secret. However Rio should have restrained when the Chinalco deal got cancelled.
What do you people think ?