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Australia-China and Stern Hu : a dint in relations or business as usual?

journal contribution
posted on 2011-01-01, 00:00 authored by B Mascitelli, Mona Chung
China’s economic growth over the last decade has been spectacular and Australia has been a beneficiary of this growth in terms of China’s demand for resources and the strength of Chinese exports. Pundits even suggest that Australia avoided the global recession as a result of this strong trade relationship. Trade relations between Australia and China resulted in China becoming Australia’s key trading partner. The arrest and charging in 2009/10 of four Rio Tinto executives (including Stern Hu the head of Rio’s operation in China) based in China raised fears of posing a strain on this vital economic relationship. Moreover China’s inability to takeover Rio Tinto and the significance and consequences of this incident are at the core of this paper. How do these events reflect the uncertainties of doing business in China or do these events demonstrate China’s sovereign right to enforce anti-corruption legislation? While China has embraced the international business community, to what extent has the arrest and imprisonment of Stern Hu changed the Australian-China trade
relations including doing business in this thriving and buoyant market?

History

Journal

International journal of Asian business and information management

Volume

2

Issue

1

Season

January-March

Pagination

25 - 31

Publisher

IGI Global

Location

Hershey, Pa.

ISSN

1947-9638

eISSN

1947-9646

Language

eng

Publication classification

C1 Refereed article in a scholarly journal

Copyright notice

2011, IGI Global.