Debate over the merits or desirability of Chinese state-owned companies investing in the resources industry has raged for a couple of years now. While Chinese companies had previously quietly gone about getting a foot in the door, picking up minor stakes here and there, the GFC booted the door wide open as asset rich/ cash poor Australian companies looked for the financial clout that would enable them to keep nervous lenders at bay and at the same time still keep feeding cash into project development.
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