What China Bought

China is big, China is colourful, China is attractive, China is booming and China has been THE nation sought after by nations seeking economic stimulation themselves in the first decade of the 21st century.


How rich China has become during the new millenia shows the following list of purchases:
-2009: $770 million: Chinese steelmaker Hunan Valin bought 16.5% of the Australian iron-ore mining company Fortescue Metals.
-2007: $ 3 billion: China Investment Corp bought 10% of shares of a New York-based private equity firm.
-2007: $ 5 billion: China Investment Corp bought 9.9% of shares of Morgan Stanley.
-2009: $ 19.5 billion: Aluminium Corp of China bought 18% of Rio Tinto, one of the largest mining companies in the world.
-2009: $390 million: China National Petroleum Corp bought the Canadian company Verenex Energy.
-2009: $10 billion: China Development Bank and China Petroleum  & Oil Corp invested in Petrobras, Brazil's oil company.
-2009: $15 billion: China's loan to Russia's Rosneft, the oil magnate.
-2009: $10 billion: China's loan to Transneft, Russia's pipeline company.


Total: $ 59.16 billion

Better Late than Never

Now, eventually, I could not resist anymore starting my own blog since the whole world seems to be Tweeting, Facebook'ing, and MySpace'ing, and....Blogging.