Simon Crean said something similar on TV last night.
He was quizzed specifically about the RIO deal (and I think the OZl decision) and he indicated that Australia wanted Australian companies to have greater access to China.
He said that foreign investment decisons cannot be separated from trade decisions (my paraphrase), and that "investment is a new form of trade" (I think they were his exact words).
Interesting theory.
I also got the impression when he was pressed for an indication of the FIRB decisions that whilst it was the Treasurer's decision and we would have to wait and see what it would be, he seemed positive about it.
The thing tat worries me is that this seems a bit more political brinkmanship to be added to OZL's brinkmanship with the FIRB and the banks.
We will have to wait and see
OZL Price at posting:
$5.35 Sentiment: Hold Disclosure: Held
