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Thread: China slams Chinalco rejection
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[quote=MARRIE,370591]in 2007, this australian co. stocks almost plunged to death. with the help of chinese funding in stock market with the conditions of chinese hold 30% of its stake, it came back to life soon with the fair market value doubling even tripling. after that, it tore up the agreement with the fines that is just tiny part of huge tangible and intangible benefits they got from china at that time. what's more, this australian co violates the agreed sales credit terms with 40% discounts threatening that they can get more bids from Japan and other countries... We chinese are not and will not the meat on the chopping board as we used to be... the austrilian co. four sales liason offices shut down with part of personnel is detained with the prosecution of business spies...tearing down the bridge after going over it is a big taboo in business...Let' wait and see how Chinese try the next step![/quote]
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