Chinese Copper Benefits the World.

China makes some big moves as they move to settle a $5.85 billion dollar deal with Glencore. The Chinese Commerce Ministry settled the stipulations of the pricing last year before it was approved the $30 billion purchase by Glencore international.The Peruvian based mine is being sold to a group of Chinese mining industries, led by the China Minmetal Corporation. And to prove that China has influence on the industry outside it's own borders, the corporations paid for the mine upfront in cash. To prove that they are even more powerful, the buyers also agreed to cover all costs of industrializing required for the mine. China has become a powerhouse in several industries and now has a major influence to pass on other countries around the world and not just in Asia. But the purchasing of the mine in Peru shows that Chinamen now are adding to the global economy, and have enough revenue to add to it exponentially. However, there is also the point of China's alleged goal of their currency to become the world currency, over the usd. 

Despite helping a world economy, the Commerce Ministry had to look out for the good of the Chinese people for whom they ultimately serve, which is to provide enough copper, zinc and lead to support China through 2020. This ultimately shows that there is going to be a small trickle down effect, that can lead to some of the actual workers in many industries that depend on the metals to experience possible benefits. While this is optimistic and it is still China, there is possibility as China strengthens its economy, which ultimately could lead it to be a stronger world player, and even help as they attempt to westernize.