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When China Rules the WorldIf twentieth-century Australia was dominated by New South Wales and Victoria, and the rivalry between Sydney and Melbourne, this century will be characterized by the rise of the mining states, Western Australia and Queensland, with China the reason. China ’s interest in Australia ’s vast natural deposits is not confined to that of a customer; its role as an investor is becoming increasingly important, with the purchase of stakes in Australian mining firms, including, most dramatically so far, the proposal for the Chinese state-owned aluminium producer Chinalco to buy a large chunk of the debt-laden Anglo-Australian mining group Rio Tinto. Not surprisingly, China ’s growing role in Australia ’s prosperity is having important political ramifications. The clearest expression of this hitherto has been the election of Labour prime minister Kevin Rudd in 2007. A fluent Mandarin-speaker, well versed in Chinese culture and tradition, and possessed of excellent contacts in Beijing (having worked there for many years), he can be described as the first Chinese-orientated political leader to be elected in the West ...» | Код для вставки книги в блог HTML
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