To meet her ever increasing demand for resources for its large population, the Chinese government has encouraged domestic companies and investors to invest in natural resources businesses abroad. Particular resources that have attracted investments have been oil, gas and potash, the three most-wanted resources assets by Beijing.
Su said: “For now, China doesn’t have the pricing power in the potash business because the potash market is mainly dominated by Canada, Russia and Germany.”
China currently relies heavily on imports of potash, which accounts for about 50 percent of annual demand.
