Rio Chairman Sees Many Positive Signals in China Plan
Rio Tinto Group (RIO), the world’s second-biggest mining company, said proposed economic reforms unveiled this month by China contained many positive signals, underpinning continued demand for raw materials.
The Communist Party’s third plenum document “contained many positive signals, including the pledge to further open up border areas in the interior and support land reform,” said Jan du Plessis, chairman of London-based Rio, according to notes for a speech today in Sydney. “My long-term view of the Chinese economy remains positive and we expect to see continued, robust growth in demand for commodities.”
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