The article I am copying can be verified at JSmineset.com.

By Dan Well March 19th 2009.

First quote from Jim Sinclair

China has a 100 year plan.China buys and does deals when others sell and run away.No matter how you deal wiyh in china you deal withg the chinese govt in one form or another.This is how China dumps $ for minerals.

China inc on hughe buying spree by dan well. march 19th 2009

"China's companies are fast finding ways to spend,snapping up raw materials across the globe while those assets are cheap.

Chinas companies have been gulping down tens of billions of $ worth of key assets in countries as varied as Iran, Brazil,Russia,Venezuela,Australia and France.

The assets are at bargain-basement prices thanks the financial crisis.As a result China has garnered oil,minerals,metals and other strategic natural resources necessary to sustain its economic expansion.

Chinese companies poured 16.3 billion $ into foreign assets during jan and february.If that pace continues,total overseas acquisitions could almost double last year total of 52 billion $

That China started investing or ACQURING SOME OVERSEAS MINERAL resources companies with relatively low prices duirng the global economic crisis is quite a normal practice.

Japan did the same thing in its prime development period too.

It is an early sign that China INc is gearing up for the next big surge of growth.Chinese demand for iron ore, food and oil drove up the costs of those commodities at the tail end of the last boom.

As the U.S. and Europe continue to slide commodities should fall, but chinese buying is buoying commodities instead,creating global stagflation.Western consumers have less money ,but prices rise anyway.

The massive size of China's purchases has swayed energy markets and has sparked concern that China will hoard commodities ,lifting their prices and making them unavailable to other countries."