Sunday May 31, 2020

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...

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