China is on a tear for resources; acquisitions are continuous for securing their growth. China is not a minnow economy; they are the world's second largest economy if Euro zone is not considered as a whole. There is no doubt that they can achieve further growth and will continue to grow (though not as fast as last couple of years). A common metric used is per capita consumption and with 1.3 billion people in China per capita is way lesser than that of developed nations who can afford the luxury of higher per capita consumption. If matching is per capita is the game then resources are scarce.

Hunan Nonferrous Gets Approval for Acquisition of Abra Mining

By Mark Lee

Sept. 10 (Bloomberg) -- Hunan Nonferrous Metals Corp., China's biggest zinc and tungsten producer, said it gained all the regulatory approvals for its plan to buy a controlling stake in Australia's Abra Mining Ltd.

Hunan Nonferrous won approvals from ``both Australian and Chinese authorities,'' the company said in a statement to the Hong Kong stock exchange today. It now holds 73.07 percent of Abra's stock, according to the statement.