Specter Of Investment Protectionism Stalks China

From Reuters:

Please, please buy our bonds — and bits of our bankrupt car companies, if you like — but keep your hands off our big natural resource companies.

After events last week, that is what China must be making of the stance of rich countries to its plans.

No sooner had Treasury Secretary Timothy Geithner returned home from a trip to Beijing in which he repeatedly assured his hosts of the safety of U.S. debt, Anglo-Australian miner Rio Tinto (RIO.AX) (RIO.L) jilted Chinalco, the Chinese state-owned metals firm it had been courting to help it out of a debt trap.

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