China eyes long-term needs with Chinalco's Rio move

A near-$20 billion (13.8 billion pound) investment by China's top state-owned aluminium producer in miner Rio Tinto and some of its best assets shows how Beijing can use the commodities downturn to buy good assets, and raise the game of China Inc. While China has a long-term strategic interest in securing resources supplies, its big banks are among the most likely to buy minority stakes in foreign counterparts, analysts said, as Western peers bleed red from the global financial crisis.