China in auto power play
It might not shake up the industry just yet, but China's interest in Volvo and Saab is the start of something big in global autos, writes columnist Wei Gu. Commentary
Rio Tinto exec's detention could hurt China
SYDNEY (Reuters) - An Australian minister said on Sunday the detention by China of an executive from resources giant Rio Tinto may make business think twice about involvement in the country.
Financial Services Minister Chris Bowen told local television that Chinese government officials must be aware of this. Rio executive Stern Hu was detained in Shanghai last week and has been accused of stealing state secrets.
"It should also be a concern for the Chinese government that if foreign businesses feel that their degree of uncertainty is high, it will change the way that foreign businesses around the world approach business in China, and approach the placement of executives in China," he said.
Australian Trade Minister Simon Crean on Saturday discussed Hu's case with Chinese officials during a visit to Shanghai to promote Australia's automotive industry.
(Editing by Jeremy Laurence)
