Daily News Channel
A deal between mining giant Rio Tinto and Chinalco, a state-owned Chinese aluminum company, was called off after it became a hot-button issue in Australian politics. Meanwhile, Rio Tinto announced it has signed a non-binding agreement with BHP Billiton for iron ore production in Western Australia.
China National People’s Congress will consider landmark legislation that would make social benefits universal when it meets Thursday. The NPC — the climax of China’s political calendar — will convene as 3,000 delegates from across the country and overseas gather in the capital, Beijing. The delegates will represent China’s central leadership, the military, every province, including minority groups such as Tibetans, and overseas Chinese.