China’s government, however, contends that the price was manipulated during those six years, costing the country’s government-controlled steel industry an additional $100 billion.Does this sound like an opening offer in a high-stakes negotiation to anyone else?
The Web site article did not make clear how the government came to such a figure. China’s iron ore imports over the past six years amounted to about $100 billion, not including freight costs, according to Philip Kirchlechner, a former Rio Tinto executive and now an industry consultant.
A strategy consultant tries to piece together, bit by bit, how humankind has used natural resources and how we might and should use them in the future. Some scope creep is inevitable.
China puts iron ore price manipulation at $100bn
China has put a price tag on Rio Tinto's alleged commercial espionage - $100 billion. Unfortunately, they broke the first rule of elementary school math and didn't show their work:
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