China flexes cash-rich muscles over oil and minerals

The maxim - ‘loot a burning house’ - has been followed by China’s military strategists for millennia. When your adversaries are in difficulty, press home your advantage to profit from their misfortune.

7th March, 2009

The maxim - ‘loot a burning house’ - has been followed by China’s military strategists for millennia. When your adversaries are in difficulty, press home your advantage to profit from their misfortune.

The country’s political and economic doyens have been putting that age-old philosophy into practice again in recent weeks. They have been taking advantage of China’s enormous cash reserves and the plummeting global demand for natural resources to exploit an...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Get basic

*New subscribers only

You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

2 Yearly

€315

€248

Unlimited Access for 2 Years

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

The year in review

Legacy Richie Oakley 1 year ago

Newsround: What Thursday’s papers say

Legacy Leanna Byrne 5 years ago

More cycle routes, expansion of Luas to Bray and new bus network proposed

Legacy Digital Desk 5 years ago