China/Rio Tinto situation

Somewhat getting worst. It's all fun and games until someone loses an eye. It's hardball and China is playing very hard. Business dealings are getting dirtier especially when China's GDP comes in with an inflated 7.9% GDP. You could probably could chop off 3% or more if stimulus wasn't in the equation. So stimulus is solely running the Chinese economy as exports are gone.

So...

The Rio Tinto situation must be looked at as a desperation that the Chinese have maintaing internal demand and retaining employment, according to Reuters:

Reuters
Wednesday, July 15, 2009; 9:27 PM

SYDNEY (Reuters) - Rio Tinto Ltd/Plc has evacuated staff in China involved in research of the iron ore and steel industry in response to the detention of some of its iron ore traders by state authorities, the Australian Financial Review reported on Thursday.

The unsourced report from Shanghai also said other foreign groups were moving employees out of China until conditions there become more certain.