Thursday, June 25, 2009

China vs The IMF

The feud between the IMF and China over Congolese copper simmers on. Peter Lee at Asia Times Online has one perspective. Money quote:
The fact that the IMF is engineering the renegotiation of one of China's most important overseas resource deals - perhaps as part of an effort to get the Congo to accept its true role as a Western client - is unlikely to endear the organization to Beijing.

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