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...largest mining company. The deal would have given Chinalco roughly an 18% stake in Rio, as well as outright control of some valuable copper and iron ore mines. Xiong travelled to Australia in March and made television appearances to plead his case. He pressed the flesh with politicians in Canberra who were both for and against the deal...

Author: /time Magazine | Title: Another Deal Blown, Where Will China Invest Now? | 6/7/2009 | See Source »

...Kevin Rudd, the Mandarin-speaking Prime Minister of Australia, from having to make the tough decision as to whether to let the Chinalco investment go forward. After the Rio announcement, Rudd made a point of saying that Australia was very much open to foreign investment, and then met in Canberra on Friday with Xiong to reinforce the point. Analysts say the government was likely to approve the investment, but only after imposing what surmised would be "tough conditions." It s still unclear what those "conditions" might have been...

Author: /time Magazine | Title: Another Deal Blown, Where Will China Invest Now? | 6/7/2009 | See Source »

...counter a "major power adversary" - a thinly veiled reference to how some defense officials there imagine China's military project. "The front line of the Cold War may have been in Western Europe," says Andrew Davies, an expert on Asian military modernization at the Australian Strategic Policy Institute, a Canberra-based think tank. "But a future one could well be drawn through the western Pacific...

Author: /time Magazine | Title: China's Navy Grows, and the World Watches Warily | 5/13/2009 | See Source »

...take over traditional cattle and lamb and everything else. There's still a long way to go for the industry to solidify itself." Animal-rights groups oppose kangaroo culling; the famously vegetarian Paul McCartney even jumped into the fray last year, speaking out against a controversial cull in Canberra. "Our organization does not encourage the eating of our national icon," says Karen Scott, vice-president of Wildcare Australia, a conservation group that rescues native animals...

Author: /time Magazine | Title: Kangaroo: It's What's For Dinner | 4/30/2009 | See Source »

...Still, a recent study found that 76% of Australians living in Canberra, where kangaroos are common, supported culling to control population, and more than half supported culling for commercial purposes. With a little help from global warming and the recession, the industry's biggest p.r. challenges may be behind it. "People are smart; they will Google anything and make up their own mind," says Borda of Macro Meats. "It just needs to do its time." Australus may not be the new beef yet, but Borda and others in the business hope demand will keep growing by leaps and bounds...

Author: /time Magazine | Title: Kangaroo: It's What's For Dinner | 4/30/2009 | See Source »

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