The CIMG publishes an annual White Paper which identifies issues that slow down the progress of development of China's mining and minerals sector. The CIMG believes that this could hamper efforts to meet China's resource needs. In identifying the issues contained in this White Paper it is hoped that Chinese Government and industry will be encouraged to engage in constructive dialogue with the CIMG and other stakeholders as a way of assisting China to meet its resource needs and to assist the growth and sustainable development of China's economy.
China clearly has a strategy to ensure that its planned economic development is met. In the 11th 5-Year Plan there were clear guidelines regarding the implementation of a mutually beneficial and win-win opening up strategy, building a resource-efficient and environment-friendly society, raising the level of opening to the outside world and ensuring harmonious social development. In each of these guidelines, the CIMG is of the opinion that foreign invested firms in China can help to play a role and assist China to become a global commodity player.
China is endowed with excellent geological potential but has yet to systematically exploit such potential on an efficient and effective basis. The current operative legal framework is not encouraging the maximum use of best practice in terms of finding, developing and exploiting resources.
Moreover, post WTO the international community has witnessed numerous Chinese acquisitions abroad meeting resistance or failing, increasing levels of pollution and environmental degradation in China and an increase in macro economic issues such as resource and energy sufficiency rise in China. At the same time a number of barriers have been implemented slowing the flow of FDI into China's mining sector leaving foreign investors wary of China's investment climate. The CIMG believes this is slowing the usage of best business practice into China's mining sector, not enabling domestic enterprises to engage abroad at a competitive international level and slowing the pace for China to reach a goal of resource security. The CIMG asks, "Is this a win-win outcome as outlined in the 11th 5-Year Plan?" and "Will this be conducive to sustainable harmonious growth in China?"
The CIMG White Paper 2008 will look at these questions and provide reccomendations on how China can meet its resource needs in the future.
Please click the link below to download the English version of the CIMG White Paper 2008. For a Chinese language version please contact the CIMG Secretariat.
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