|From Fool.com: China, if you haven't been noticing, has been using excess cash to snap up foreign natural resource assets. In fact, according to this article from Xinhua, "China is expected to own rights in more than 100 million tonnes of overseas iron ore assets next year." That's alot.
Further, we got news today that China has signed a free trade deal with Peru. Why would such a big economy sign a deal with such a small economy? Remember that Peru is enormously rich in resources, including copper, silver, gold, petroleum, timber, coal, phosphate, potash, and natural gas -- all commodities the Chinese would very much like to secure long-term access to......Full Article: Source