Mate,Take it easy, you can't be sure the Australian government...

Mate,

Take it easy, you can't be sure the Australian government is encouraging any companies to do business illegaly in any countries, not only that coruption is part of life in Asia so one can presume that most companies that are operating in Asia to a degree are exposed to corruptions but it does not mean the Australian government is encouraging anybody to do business illegaly as you say, if RIO is doing it than you can almost be sure that BHP and others foreign companies will be involved to a degree and chinese officials, it take two to tango, as chinese not wanting to do business with RIO well that is not true as they are still negotiating the iron ore price contract now, they can cancel it ok???? but not because they need RIO and they can afford not to, as the more suppliers they have the better why, they can have more flexibility and RIO is one of the biggest, imagine if they only deal with one or two suppliers then they will fall into the hand of two suppliers and the suppliers will control the price come on it is a business principal, not only that the suppliers need each other to put pressure on chinese korean and japanese but reality now is they are making lots of noises but negotiation is still going so that is the FACT..... they still.... WANT RIOs iron ore not only that BHP and VALE are not going to give more discount to the chinese more than to Japanese or Korean so it is a csrtel mate it will always be that is business not politic all about profit for us the share holders this is the core of capitalism the one that we all love......all about supply and demand at the end the right price will be reached. Australian market is important to chinese and we are an important source of raw material for them, so business will survive this drama, chinese is still far far away in becoming true super power they know this one too, as long as they behave the way they are they will never become super power as it is nothing to do with just economic might, they have to learn to respect human right and international law, the last thing they need now is to drive foreign investment or businesses away. They know that the world is watching...........am sure some huge companies are already thinking twice of doing more business in china.
Traders have to have very tight stop loss and wait awhile if they get hit before entering again.

Cheers