Text Version
RSS Feeds
Newsletter
Home Forum Photos Features Newsletter Archive Employment
About US Help Site Map
SEARCH   About US FAQ Site Map Site News
  SERVICES
  -Text Version
  -RSS Feeds
  -Newsletter
  -News Archive
  -Give us feedback
  -Voices of Readers
  -Online community
  -China Biz info
  What's new
 -
 -
Steel probe implicates more firms
+ -
08:22, July 14, 2009

Click the "PLAY" button and listen. Do you like the online audio service here?
Good, I like it
Just so so
I don't like it
No interest
 Related News
 Spy series completes shooting
 DPRK: U.S., S Korea commit over 200 cases of aerial spying in June
 Sun rises on another epic historical drama
 Spy accusations still haunt anchor
 Do spies exist everywhere?
 Comment  Tell A Friend
 Print Format  Save Article
Anshan Iron and Steel Group Corp (Ansteel) is among five major Chinese steel makers reported to be embroiled in the espionage scandal linked to Anglo-Australian miner Rio Tinto, the latest episode in a widening investigation into alleged leaks of State secrets.

"Executives from Ansteel are being investigated (in the Rio Tinto-related case)", a senior manager at a domestic steel maker told China Daily yesterday, requesting anonymity.

Apart from managers at the Liaoning-based steel mill, executives from China's largest steel maker Baosteel Group Corp, as well as Laigang Group and Jigang Group, are under investigation, domestic media reported.

Officials from China Iron and Steel Association (CISA), the industry body, are also being investigated, they reported.

Tan Yixin, a senior executive in charge of iron ore imports and exports at China's eighth largest steel mill, Shougang, was arrested July 7 for alleged commercial crimes.

Tan is said to be close to Australian Stern Hu, a Rio Tinto executive who is being detained by China on espionage charges.

When contacted by China Daily yesterday, Shougang, Laigang, Jigang and the CISA refused to comment.

The investigations follow last week's detention of Hu and three domestic staff members.

The inquiry into Rio Tinto began before it broke off its $19.5 billion investment deal with Chinese metals firm Chinalco and before Rio Tinto formed an iron ore joint venture with rival BHP Billiton on June 5, the Sydney Morning Herald reported yesterday.

Chinese media reports said that Rio Tinto and other major international ore suppliers might have bribed executives to get access to figures such as stock levels, production schedules and volumes, financial information and purchase plans - data that is sensitive and places China at a disadvantage during price talks.

Australia yesterday summoned China's ambassador for a second time to press for details of Hu's detention.

But Canberra will not use "megaphone diplomacy" to pressure Beijing to release the Rio staff, Finance Minister Lindsay Tanner told Reuters Television yesterday.

"Our dealings with the Chinese government are going through formal channels," Tanner said.

The detention comes at a sensitive time, when China's steel industry, led by CISA, is in intense negotiations with Australian and Brazilian iron ore producers over prices.

Baosteel, Shougang and Angang are among the 16 delegation members at the talks for fixing 2009 prices. The annual talks, which were supposed to conclude by June 30, are still continuing.

The Rio Tinto case, experts say, is a sign that commercial espionage is growing in China.

"I think it is time for the Chinese government to regulate the behavior of foreign interest groups," said Jiang Yong, director of the Center for Economic Security Studies at China Institute of Contemporary International Relations.

Source: China Daily



  Your Message:   Most Commented:
Veiled threat or good neighbor?
Unveiled Rebiya Kadeer: a Uighur Dalai Lama
LA police: Michael Jackson death may have been 'homicide'
80 pct of netizens agree China should punish Facebook
DPRK threatens to launch pre-emptive strike against U.S.

|About Peopledaily.com.cn | Advertise on site | Contact us | Site map | Job offer|
Copyright by People's Daily Online, All Rights Reserved

http://english.people.com.cn/90001/90776/6699685.pdf