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China Model Perceived as Barrier to India’s Acquisition of Mineral Assets

By Ian Bhullar Jun. 25 – Indian policymakers see China’s state-supported model of acquiring commodities abroad as a barrier to India’s own pursuit, according to an article published in the Business Standard last week. China’s acquisition of mineral resources is supported with extensive financial and diplomatic infrastructure, including favorable loans from state-owned banks, direct government underwriting, foreign aid and multilateral initiatives like the Forum on China-Africa Cooperation. Amongst many deals of this kind, the state-owned China National Petroleum Corporation in 2005 bought the former Soviet Union’s largest oil company, Petrokazakhstan; in the same year the Chinese government awarded US$2 billion … Continue reading

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