Author: 468259058

Wow! RMB 7 trillion investment is coming [Copy link] 中文

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Gold Medal September's Best Writer 2012

Post time 2012-8-23 16:03:42 |Display all floors
Oh, stock market would go into bull market soon.
our life is full of sunshine

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Post time 2012-8-23 16:05:02 |Display all floors
468259058 Post time: 2012-8-23 16:03
Oh, stock market would go into bull market soon.

Chinese stock indexes are at their lowest levels in 3 years.

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Post time 2012-8-23 16:26:31 |Display all floors
This post was edited by 468259058 at 2012-8-23 16:26

hehe

1.jpg

our life is full of sunshine

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Post time 2012-8-24 01:23:21 |Display all floors
468259058 Post time: 2012-8-23 15:54
hahahaha..Another 1958 is coming.  

Another round of great leap forward.

No need to be so excited.

Your country already failed to use economic crisis to destabilize China.

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Post time 2012-8-24 01:56:25 |Display all floors
This post was edited by RealMadrid1 at 2012-8-24 02:12
grb Post time: 2012-8-23 15:57
Gold is a terrible investment now.......

It is indeed....

Makes you wonder about how bright the SOE investment managers are, they are currently running around buying substantial shareholdings or clear take-overs of gold mining assests in Australia, Southern Africa and other places....

China Daily, 17th August, 2012.

Firm eyes Barrick's stake in Tanzania gold miner
China National Gold Group Corp is in talks with Barrick Gold Corp about buying its controlling interest in African Barrick Gold Plc.
China National Gold is studying the 73.9 percent stake in African Barrick, the largest producer of the precious metal in Tanzania, according to a statement on Thursday from Toronto-based Barrick. There's no certainty an offer will be made, it said.
China, with $3.2 trillion in foreign exchange reserves, has urged companies to buy assets overseas, securing energy and commodity resources to feed industries from power generation to construction. Zijin Mining Group Co, its biggest gold miner by market value, said in July it's looking to buy copper projects in Africa, while China's Minmetals Resources Ltd agreed to buy Anvil Mining Ltd in 2011 for $1.3 billion to access the metal.

China Daily, 9th August, 2012.

Chinese company buys Australian gold mine
Zijin Mining Group Co Ltd, China's top gold producer by output, said a subsidiary has bought more than 50 percent of Australia-listed Norton Gold Fields, in the first successful example of a Chinese company taking over a large gold mine that is in production.
Jinyu International Mining Co, the fully owned subsidiary of Zijin Group, made a A$180.3 million ($190 million) cash takeover offer in May for the Australian gold mine, according to Xinhua News Agency.
Zijin, which didn't specify the final value or precise stake of its takeover, owned 16.98 percent of Norton before the offer.
Chen Jinghe, chairman of the group, said the takeover is in accordance with the international development strategies of the company.

China Daily, 10th July, 2012.

Chinese firms' growing ODI offers world opportunities
While the past decade was the period that saw a huge inflow of foreign investment into China, the coming 10 years are certain to herald a wave of outbound direct investment by Chinese companies.Although some people have expressed doubts over the intentions behind Chinese companies' overseas investment, a number of examples show that these projects create win-win benefits.
Huang Bao'an, administrative vice-president of Qingdao Kingking Group, the world's second-largest candle maker, has been traveling around the world since early this year, from Africa to Europe, to see whether there are business opportunities amid the spreading European debt crisis.
"We plan to invest $100 million to develop gold and copper mines across the world in the next three years", with Africa being a priority, he told China Daily.
Due to the debt woes, "many European companies, which own energy projects in Africa, are finding it hard to survive and are considering halting or withdrawing their investments. This has given Chinese enterprises huge opportunities to invest abroad and develop natural resources", he said.
As part of the expansion, Kingking, based in the coastal city of Qingdao in Shandong province, is considering buying a gold mine in Mozambique, covering more than 100 square kilometers.

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Post time 2012-8-24 02:07:52 |Display all floors
RealMadrid1 Post time: 2012-8-24 01:56
It is indeed....

Makes you wonder about how bright the SOE investment managers are, they are curr ...

Over the last 12 months it has dropped over 15% or more.  It did rise a little today.  Nobody ever said the SOE investment managers were smart.  There will always be an increasing demand for gold, especially for anything using electronics, but again that does not insure the price will go up with the demand.

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Post time 2012-8-24 02:19:18 |Display all floors
This post was edited by RealMadrid1 at 2012-8-24 02:21
grb Post time: 2012-8-24 02:07
Over the last 12 months it has dropped over 15% or more.  It did rise a little today.  Nobody ever ...

Just updated my previous post with three examples in the past 2 months of SOE's chasing gold mines..... "Awaiting vefification"

Also BHP Billiton has just put a stop to their AU$30 Billion expansion of the Olympic Dam project, whilst it is primarily a uranium mine, it produces large amounts of copper & gold. One would have to think that this huge mining house must have some gut-feel for where prices are going if they stopped such a big growth project.

Also when you look where gold prices have been, at historic highs, with nothing comparable since the Middle East "Oil Shocks" in the late 1970's - early 1980's.
Makes you wonder where it is going to go......{:soso_e180:}

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