29.01.2009 - What companies are profiting from China’s commodities crusade?
From Moneymorning.com: While the rest of the world is grappling with the global slowdown, China is figuring out ways to exploit it. Over the past few months, China has capitalized on the financial turmoil that has paralyzed the world’s “developed” economies by stocking up on cheap commodities, weeding out competition to its largest state-run companies, and acquiring even more foreign assets. Indeed, with China’s economic growth projected at an enviable 8% for this year, that country’s government has been able to spend less time promoting immediate growth and liquidity, and more time preparing for the economic renaissance that almost certainly seems to be the Asian giant’s destiny..... Full Article: Source