SWF Radar

China's stake in Rio gets Swan's all-clear

Posted by Editor on August 24, 2008 at 02:32 PM

The Australian reports that, “[Australian treasurer] Wayne Swan has given approval for the Chinese government-owned mining giant Chinalco to acquire up to 11 per cent of the Rio Tinto group in the first high-profile test of the Rudd Government’s stance on more than $30 billion of Chinese foreign investment bids.”

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