China has a huge appetite for natural resources whether they be hydrocarbons, metals or whatever. China is acquiring huge stakes in various mining companies worldwide. This is an excellent business and geo-political strategy. Cost of acquisition is now pretty low thanks to the global economic crisis. When the crisis comes to an end, strategic control of natural resources wll help China to continue to grow much faster than other economies.
It is now reported that China has started delving deeper into the ocean bed through a submersible called Jiaolong named after a mythical sea dragon. China and Japan are miles ahead of the U S, France and Russia in exploring the deep oceans. Here also, the main objective seems to be to get a stranglehold on precious minerals and other natural resources. It appears that China is as far-sighted as its neighbour India is myopic.
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Indian rulers have time only for political squabbles.
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