Drinking the glass when half full

摘要

IT SEEMS THE Chinese mining sector is preparing itself for a new round of restructuring in the wake of the current financial turmoil. Furthermore, as has been seen in recent months in Australia, China Inc is attempting to use the crisis to its advantage by securing as many natural resources as it can. This strategy was outlined at last year's CHINA MINING conference in Beijing when chief executive of the Bank of China International Holdings Ltd (BOCI) - Wang Yan - said the current economic correction would provide a rare and historic opportunity for Chinese mining companies to narrow the gap with their international industry counterparts.