China as a big international buyer still has no commodity pricing voice

Source: Internet
Author: User
Keywords Iron ore
Tags agency appetite control economic enterprises exchange ghost giants
China News agency, Beijing, July 12: "Big buyers" still have no say. The "Rio Tinto Spy Gate", which has been under growing trouble, has been fermenting for now.  According to the latest disclosure of the media, China also has large steel mills and traders have been arrested, and even as responsible for this year's iron ore negotiation organization of the CISA has been investigated, Chinese public opinion on the severe punishment of "inside Ghost" voice. In recent years, with the increasing China's "appetite" as a chip, the international mining giants and the Chinese steel companies that control its stake have repeatedly joined hands, forcing China to accept the rising prices of iron ore.  According to statistics, from 2003 to 2008 in six years, the Chinese steel companies in the iron ore prices soared and increased more than 700 billion yuan in spending. Similar to iron ore trading, "buy on the rise" phenomenon also exists in the oil and other primary products, the large loss of national wealth is distressing.  For the world's "big buyer" China, many internal and external factors lead to the lack of international commodity pricing discourse, but one of the problems faced by an increasingly open trading power. Recalling the 60-year history of the founding of New China, if the axis of time for the centerline cutting, can clearly see the reform and opening-up for China's growth leap.  1978, China's total imports and exports of 20.6 billion U.S. dollars, foreign exchange reserves only 1.6 billion U.S. dollars, until 2008, China's total foreign trade has reached 2.56 trillion U.S. dollars, foreign exchange reserves closer to 2 trillion U.S. dollars; more and more Chinese companies are in the world's 500-strong list.  Over the past 30 years, China has become increasingly integrated with the world in the fields of capital, industry, technology and talent, by attracting foreign investment and international trade, and this is based on globalization and is only as difficult as the domestic market. Today, especially since the international financial crisis, "not bad money" has become an important recognition of China's image abroad, China is now standing on how to use the enormous wealth accumulated by the economic miracle to "go out" to fully carry out a new starting point for effective allocation of global resources.  However, all kinds of "growing pains" have also been pouring in, which makes China hard to be happy. Excluding imports of iron ore, oil, such as being ruthless "extortion", the U.S. dollar flooding caused by the loss of foreign investment suffered huge losses, mergers and acquisitions of foreign resources repeatedly, rare metals and other resources were cheap plunder, exports of goods and high-tech imports encountered restrictions, overseas hot money fry floor, The phenomenon of tax evasion and avoidance of foreign-funded enterprises has caused Chinese society to question.  In a sense, the Chinese public's strong opposition to Coca-Cola's takeover of Huiyuan is a central release of discontent.  In a biased Western world, the fact that China has played a positive role in global economic and trade growth, as well as rich foreign investment in China, has not been fairly judged, but it has long been a way of making the argument that China has robbed other countries of its "rice bowl", manipulated the exchange rate into fair trade and pushed up global resource prices. The imbalance in the development of the world makes the globalization process of promoting Division and division not erase the real competition between countries and regions, butThere is no doubt that once open competition escalates to a retreat, everyone will be a loser. The same is true for China.  In the modern history of the world, no one has been able to close the rise, and China's old wounds and the success and failure of the East Asian neighbors, it shows that there is no way back.  Facing the complex situation of the global economic recession, China should practice the policy proposition of "equality and mutual benefit, open and win", resolve various contradictions and differences rationally and intelligently, and be penalties to those who are "outside the supernatural". At the same time, with regard to resources and energy and finance, two vital industries related to national security and core interests, China will draw up a comprehensive development plan to relieve the "growing Pains" through the review of past policies and the absorption of other countries ' experiences.
Related Article

Contact Us

The content source of this page is from Internet, which doesn't represent Alibaba Cloud's opinion; products and services mentioned on that page don't have any relationship with Alibaba Cloud. If the content of the page makes you feel confusing, please write us an email, we will handle the problem within 5 days after receiving your email.

If you find any instances of plagiarism from the community, please send an email to: info-contact@alibabacloud.com and provide relevant evidence. A staff member will contact you within 5 working days.

A Free Trial That Lets You Build Big!

Start building with 50+ products and up to 12 months usage for Elastic Compute Service

  • Sales Support

    1 on 1 presale consultation

  • After-Sales Support

    24/7 Technical Support 6 Free Tickets per Quarter Faster Response

  • Alibaba Cloud offers highly flexible support services tailored to meet your exact needs.