Chinese Economic Expanison halted

Australia citing the threats to national security today, blocked a Chinese company's acquisition of an Australian mine. China is seeking in the country’s natural resources sector, a move that may stoke concerns about rising protectionist tendencies around the globe.It also comes two weeks after Chinese anti-trust authorities blocked a move by Coca-Cola to take over Huiyuan Juice Group, a Chinese juice manufacturer, for $2.4 billion, a decision that caused widespread concern about China’s attitude to foreign takeovers of local companies. This shows that many countries are fearing foreign investment because of the global economic recession.


http://www.nytimes.com/2009/03/28/business/worldbusiness/28mine.html?ref=worldbusiness