DJ China Govt: Time For Overseas Invest As Resource Prices Fall

China's Ministry of Commerce said Monday that local companies have great opportunities to expand overseas, citing the recent drop in resources prices and the domestic shortage of resources.
 
The comment by ministry spokesman Yao Jian came after Rio Tinto PLC (RTP) recently dropped a planned alliance with Aluminum Corp. of China, or Chinalco, ending what would have been one of China's biggest outward investments.

Speaking at a regular media briefing, Yao said Rio made a corporate decision based on commercial interests.

Copyright and Exemption Declaration :¢ÙAll articles, pictures and videos that are marked with "China Aluminum Network" on this website are copyright and belong to China Aluminium Network (www.alu.com.cn). When transshipment, any media, website or individual must list the source from "China Aluminium Network (www.alu.com.cn)". We seek legal actions against anyone that disobey this. ¢ÚArticles that marked as copy from others are for transferring more information to readers, do not represent or endorse their opinions or accuracy and reliability. When other media, website or individuals copy from our website, must keep the source. Anyone that changes the articles' sources will hold the responsibilities for copyright and law problems. We also seek legal actions against anyone that disobey this. ¢ÛIf any articles copied by our website concern the copyright and other problems, please contact us within one week.