The Risk of SOEs' Investment in Overseas Mining Industry Grows Rapidly
ANBOUND
Due to economic slowdown and the western countries' strike on price manipulation, the price of international bulk commodity keeps falling. ANBOUND think tank scholars think that China stimulated the economy of many mineral exporters during its fast growing period. Now China needs to pay the price for purchasing high priced minerals. On one hand, this shows Chinese companies lack macroeconomic insight and can’t make a clear judgment on the tendency. On the other hand, the overseas investment of SOEs is too aimless and is regardless of the cost. The revival of global economy is still unstable. The tendency of economic slowdown, continuing reduction of production capacity and fall of overseas investment in mining will continue.