Rio Tinto's CEO Says Focus Is on Smart Buying

Tom Mackenzie interviews Jean Sebastien Jacques at the China Development Forum about Rio Tinto's strategies in response to China's economic changes. Jacques discusses Rio's cautious approach to acquisitions, emphasizing value creation. He highlights the impact of China's push to reduce pollution and restructure the steel industry, which could benefit Rio. Jacques also explains Rio's focus on various economic indicators, including the property sector, to adapt their strategy effectively.

What is the primary focus of Rio Tinto's growth strategy according to Jean Sebastien Jacques?

• Expanding into new markets

• Building and smart investments

• Reducing operational costs

• Increasing production capacity

How does Jean Sebastien Jacques view the restructuring of China's steel industry?

• As a threat to Rio Tinto's business

• As irrelevant to Rio Tinto's strategy

• As a reason to reduce production

• As an opportunity for higher quality iron ore

What is one of the key economic indicators Rio Tinto monitors in China?

• Tourism rates

• Retail sales

• Railway usage

• Agricultural output

Which of the following products does Rio Tinto supply, as mentioned by Jean Sebastien Jacques?

• Gold

• Platinum

• Silver

• Copper

What is Jean Sebastien Jacques's outlook on placing Rio Tinto's products in the market?

• He plans to reduce product offerings

• He is uncertain about future demand

• He is confident and not concerned

• He is concerned about market placement