|
China tries new negotiating tactics in iron-ore trade
BEIJING (AP) -- Spying accusations against four Rio Tinto Ltd. employees have complicated contentious price talks between China and iron ore suppliers that could disrupt the industry. China consumes up to 60 percent of world iron ore supplies and wants it much cheaper. The manager of Rio's Chinese iron ore business and three co-workers were detained July 5 on espionage charges. "It's going to be difficult for Rio to negotiate when a key member of their team in China is locked up."Posted by: Anguper Hupomosing9418 2009-07-14 |
| http://www.rantburg.com/poparticle.php?ID=274312 |