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In Australia many are up in arms over the arrest of a senior executive at Rio Tinto by China for espionage and corruption.

Rio Tinto is a name many may not be familiar with, but it is a massive international mining interest and the accusation by the Chinese that several senior executives were both corrupt and spies seems a little far fetched. Many more worry that this is a signal that China is starting to close off its markets. The fact that China has a notoriously opaque criminal justice system, and that the four executives plead guilty today without a trial does not help matters.

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