09.11.2015 - Commodities rout and unfriendly regulations further thin foreign interest in China’s mining sector
Foreign investment in China’s mining sector has slumped to the lowest in more than a decade amid the downturn in the commodities industry, which dampened the already low levels of inbound investment over the years due to the sector’s unfriendly regulatory environment. A relative abundance of distressed quality assets overseas amid the global commodities market rout also means foreign firms are unlikely to make significant investment in China soon, industry observers say. “With the prolonged downturn in commodities, assets are being forced on to the market at prices that are reflective of the urgency which sellers must act,” John Tivey, the global head of mining and metals at law firm White & Case, told the South China Morning Post...............................................Full Article: Source
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