Text Version
RSS Feeds
Home Forum Photos Features Newsletter Archive Employment
About US Help Site Map
SEARCH   About US FAQ Site Map Site News
  -Text Version
  -RSS Feeds
  -News Archive
  -Give us feedback
  -Voices of Readers
  -Online community
  -China Biz info
  What's new
Australia welcomes Chinese investment despite collapse of Chinalco deal
+ -
17:01, June 05, 2009

 Related News
 Australia seeks to finalize WTO trade talks
 Faulkner appointed new defense minister of Australia
 Rio Tinto announces deal with Chinalco dead
 Chinalco confirms deal breakup with Rio Tinto, expresses disappointment
 Chinalco bid to invest in miner heads for trouble
 Comment  Tell A Friend
 Print Format  Save Article
Australian Prime Minister Kevin Rudd asserted that Australia still welcomed Chinese investment despite Rio Tinto's decision to scrap a deal with China's Chinalco on Friday.

Rudd said the government was not opposed to the deal on the grounds that foreign funds generated jobs.

"The government maintains a policy of openness towards foreign investment and we'll always make decisions in the national interest, as I assume the Chinese government makes decisions in the national interest about what foreign investment it welcomes in its country at any given time," Rudd told reporters in Canberra.

"As for Chinese investment in Australia, we welcome Chinese investment in Australia just as the previous government approved some 15 billion Australian dollars (12.07 billion US dollars) worth of Chinese investment into this country as well," he said.

Rio Tinto on Friday scrapped the proposed tie-up with Chinalco in favor of an 18.96 billion Australian dollars (15.2 billion US dollars) equity raising and an iron ore joint venture with rival BHP Billiton Ltd.


  Your Message:   Most Commented:
Tamil protesters block major freeway in downtown Toronto
Controversy over China's first sex-theme park
China slams U.S. foreign affairs bill proposal, urges deletion
Congress wins election in India
Former French diplomat says no to "China threat"

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