Click on our logo to return to home  
TV Guide News About Us Ways to Watch
  News Home
main bulletin ]

Rio Tinto boss says China will survive recession 27/11/2008

The chairman of the mining giant Rio Tinto says China will survive a global recession.

Paul Skinner says while economic growth will slow this year, China's output will remain strong by Western standards.

Mr Skinner says the current slowdown in China is mainly due to measures taken to control inflation last year.

He says Beijing's recent economic stimulus package and its $US2 tillion in foreign exchange reserves will enable it to avoid the worst of the global downturn.

"Maintaining growth remains a political and social imperative in China. China cannot afford to stop growing.
This means that China will remain the main driver of commodities demand, which is good news for Australia and good news for companies like ours."

Produced by Radio Australia and Australia Network

Related Stories

Australia to run into deficit: govt »

Two Australians face heroin charges in Vietnam »

Australian PM warns deficit may be needed »

More Headlines

Last updated: Thursday, November 27, 2008 at 08:00:01

Scores killed in Mumbai terrorist attacks »

Thai PM rejects army call for fresh elections »

China postpones EU summit over Dalai Lama row »

Sri Lanka says troops poised to capture rebel headquarters »

Fiji's government targets another newspaper »

Australia to run into deficit: govt »

Somalian forces in pursuit of pirates »

Pacific countries demand fair trade with »

Climate change review angers NZ environment groups »

Taiwan offers financial assistance to Solomons »

Rio Tinto boss says China will survive recession »

South Australia seeks workers from Philippines »

High Graphics Version Home     Contact Us     © ABC 2011