Rudd Tells China World Watching Case of Detained Rio Executive
(Bloomberg) -- The world is watching how China deals with detained Rio Tinto Group executive Stern Hu for allegedly stealing state secrets, Prime Minister Kevin Rudd said. China, the world’s largest buyer of iron ore, detained four Rio executives on July 5 and said their actions harmed the nation’s economic interests and security. Australia has sought more information on the case and has urged China to deal with it expeditiously.
Foreign Direct Investment in China Falls 17.9% in First Half
(Bloomberg) -- Foreign direct investment in China fell 17.9 percent in the first half from a year earlier, the commerce ministry said in Beijing today.
Former Sinopec Chairman Chen Sentenced to Death, Xinhua Says (Bloomberg) -- China Petroleum & Chemical Corp.’s former chairman Chen Tonghai was sentenced to death with a 2- year reprieve for bribery, the Xinhua news agency said.
China Says Xinjiang Unrest Not Religious After Al-Qaeda Threat
(Bloomberg) -- China’s government said that clashes between Muslim Uighurs and Han Chinese in the western city of Urumqi weren’t triggered by religion, as an al-Qaeda offshoot threatened retaliatory attacks. Al-Qaeda in the Islamic Maghreb is threatening to target the 50,000 Chinese workers in Algeria and Chinese nationals and projects across northwest Africa to avenge the deaths of Uighurs, according to risk analysis company Stirling Assynt.
*first Russia now China. I say invest in the USA. At your own risk of course but at least you won't be punished by death. Just look at Bernie?
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