Tag Archives: Chinese communist party

BHP says price to stay below $100 for foreseeable future

Michael Sainsbury Australia’s BHP Billiton, one of the world’s biggest mining companies, expects the price of iron ore to stay below $100 per metric ton for the foreseeable future, following a fall of nearly 50% this year. Two top executives from BHP Billiton, Jimmy Wilson, president of iron ore at left, and Mike Henry, president

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Chinese economy sneezes, Australian miners catch a bad cold

Michael Sainsbury China’s economy is slowing, and its housing market is in the toilet. While Treasury forecasts suggest everything is fine, underneath the surface the cracks are beginning to show. China’s economic growth in the third quarter was 7.3%  compared with the same time last year — its worst since 2009 — amid a continued downturn in the property

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China’s “one country, two systems” merging

Michael Sainsbury When Cardinal Joseph Zen, a long-time critic of Beijing and a democracy advocate, was mobbed like a rock star at Hong Kong’s 25-year anniversary vigil for the Tiananmen Square massacre on June 4, few could predict the democratic tug of war with the mainland would get so heated. Beijing, incapable of subtle or

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Death-defying diplomacy when Abbott’s three-ring circus rolls into Asia

Michael Sainsbury After embarrassing missteps over imperial honours, Tony Abbott will try to make up for some foreign policy howlers when he visits China next month as part of the most ambitious offshore trip by an Australian prime minister in living memory. But he’ll have to do some serious diplomatic acrobatics to avoid making things

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