Ring of Fire rail investment could be ‘real prize’ for China, business expert says
April 21, 2016
CBC News | Apr. 21, 2016
China’s interest in the Ring of Fire mineral deposit stems from its need for chromite for the production of stainless steel but a secondary motivation is China’s desire to export its capacity to build rail lines. It’s the combination of those two factors that makes this potential investment a “real prize” for China, said Walid Hejazi, a University of Toronto professor and expert in global competitiveness, with a focus on China. Read more.