Comments on: Rio Tinto Reaction A Bit Troubling http://www.chinahearsay.com/rio-tinto-reaction-a-bit-troubling/ China law, business and economics commentary Wed, 08 Feb 2012 20:24:36 +0000 hourly 1 http://wordpress.org/?v=3.1.3 By: Frank of Australia http://www.chinahearsay.com/rio-tinto-reaction-a-bit-troubling/comment-page-1/#comment-74943 Frank of Australia Wed, 22 Jul 2009 06:41:38 +0000 http://www.chinahearsay.com/?p=3169#comment-74943 I think, Stan, the reason for the reaction is the events leading up to the incident. Were you aware that only weeks before the arrest, Chinalco's 18% buyout of Rio Tinto fell through in a very-public and embarrassing way? The Chinese lost a lot of face over the whole matter. In light of these events, most Australians find the timing of Hu's arrest incredibly convenient - thus the outcry. I think, Stan, the reason for the reaction is the events leading up to the incident. Were you aware that only weeks before the arrest, Chinalco’s 18% buyout of Rio Tinto fell through in a very-public and embarrassing way? The Chinese lost a lot of face over the whole matter. In light of these events, most Australians find the timing of Hu’s arrest incredibly convenient – thus the outcry.

]]> By: Hang http://www.chinahearsay.com/rio-tinto-reaction-a-bit-troubling/comment-page-1/#comment-74903 Hang Wed, 15 Jul 2009 16:13:16 +0000 http://www.chinahearsay.com/?p=3169#comment-74903 Good post! The police may arrest more Chinese executives involved in the negotiation with salesman HU of Rio Tinto. I don't think Hu and those Chinese executives are innocent. Let's see how things develop. However, I think China may need to improve transparency to minimize those speculations? Good post! The police may arrest more Chinese executives involved in the negotiation with salesman HU of Rio Tinto. I don’t think Hu and those Chinese executives are innocent. Let’s see how things develop. However, I think China may need to improve transparency to minimize those speculations?

]]> By: J http://www.chinahearsay.com/rio-tinto-reaction-a-bit-troubling/comment-page-1/#comment-74902 J Wed, 15 Jul 2009 15:18:40 +0000 http://www.chinahearsay.com/?p=3169#comment-74902 Dear Stan, I recently discovered this website the other day and am now working my way through the wealth of information available here. Thank you so much! I completely agree with what you have written in the above post. However, whilst I am willing to admit my ignorance of most things Chinese, I'm not entirely sure that large multinationals working in vital industries such as the steel one can genuinely succeed (at least as well as Rio Tinto appears to have done) in countries such as China without "some kickbacks or other shenanigans". Kudos to the Chinese for their endeavours to prevent bribery and corruption within both industry and government, but aren't the lives of those individuals caught in-between during this phase of transition going to end up being collateral damage? Apologies if I am wrong, but has 'bribery' as we perceive it in the West not been an integral part of Chinese culture for a very, very long time? If so, then is the only message we can offer those who hope to succeed in China: "Don't do it, or don't get caught" ? Dear Stan,

I recently discovered this website the other day and am now working my way through the wealth of information available here. Thank you so much!

I completely agree with what you have written in the above post. However, whilst I am willing to admit my ignorance of most things Chinese, I’m not entirely sure that large multinationals working in vital industries such as the steel one can genuinely succeed (at least as well as Rio Tinto appears to have done) in countries such as China without “some kickbacks or other shenanigans”. Kudos to the Chinese for their endeavours to prevent bribery and corruption within both industry and government, but aren’t the lives of those individuals caught in-between during this phase of transition going to end up being collateral damage?

Apologies if I am wrong, but has ‘bribery’ as we perceive it in the West not been an integral part of Chinese culture for a very, very long time? If so, then is the only message we can offer those who hope to succeed in China: “Don’t do it, or don’t get caught” ?

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