Stiffer competition expected

摘要

For one publicly-listed China focused exploration house, the message for westerners wishing to do business in the east Asian country is clear. In short, the quicker foreigners (both junior and major mining houses) learn how to deal with the "hungry dragon" and "actually learn how to deal like" the hungry dragon, the better it is going to be for everyone. Speaking during a recent mining conference in Beijing, Caledon Resources plc chief executive George Salamis said western companies operating in China would soon be facing stiffer domestic competition from the Chinese as the locals developed the ability to self fund resource deals in their own country.