皇冠体育app

Increasingly, foreign companies are spending in 皇冠体育app. They can be driven by lower costs or goodwill. They all seek mutual benefit.

In the past four years, Rio Tinto spent $5 billion on Chinese equipment and services.

Walsh said the company will continue to buy in 皇冠体育app. That's based on Rio Tinto's active purchasing team of more than 50.

"皇冠体育app's manufacturing is always there. While others think that there's a long way to go, I believe in many ways, 皇冠体育app has proved its capability in manufacturing," Walsh said.

During the 皇冠体育app Development Forum in Beijing during late March, Walsh spoke on 皇冠体育app's manufacturing.

He said running a modern mining business is like running a massive factory, with a global supply chain, advanced technology and production line.

"The majority of Rio Tinto's customers are manufacturers which depend on us for a secure supply of raw materials," he said. "We depend on the health of the manufacturing sector to drive demand for our products. We also depend on them for equipment, technology, and management techniques."

"These drive our business, helping us to keep costs down, by operating as efficiently and productively as possible."

Ten years ago Rio Tinto bought almost nothing from 皇冠体育app. Trade was in one direction.. That's changed dramatically. Goods from truck bodies and rail cars to accommodation units and ship loaders bought from 皇冠体育app are being used in Rio Tinto's operations around the world.

"This rapid growth in procurement reflects the growth in quality and sophistication of the Chinese manufacturing sector," said Walsh.

Premier Li Keqiang met leaders of foreign companies on March 24. At the meeting, Walsh was the first CEO to ask questions. He said that was because 皇冠体育app has a long friendship history with Rio Tinto and the company's size, its scale of business in 皇冠体育app. It has done it for more than 30 years.

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