China Puts $70,000 Million To Buy Largest Iron Ore Mine | China Technology

China Puts $70,000 Million To Buy Largest Iron Ore Mine | China Technology Why Would a country just spend $70,000 million on getting mining rights? Well, you have to think about how massive the amount is. China is a country which has decided to offer such funds to get mining rights. But why does China want it, and how is it ready to pay such a hefty amount of money? Welcome back to another exciting episode of our channel. Innovation Diary brings you China’s Innovation stories and projects in different parts of the world. If you are new to the channel and enjoy learning about fast-paced modernity, especially China’s development, you will definitely find our videos fascinating. Let’s get to the video now. China is the only country in the world with the largest and most state-of-the-art production plants and industries. Over the past decades, China has consolidated its economic power and today, it has appeared as the world’s 2nd biggest economic power. But this job wasn’t easy. China had to do things no other country would dare to go near. Ending poverty and unemployment was the challenge that China tackled efficiently. And all its roots go back to its industries, factories and most efficient production plants. China could work without everything except for its massive network of industries. But how can you raise industries, expand them and use them in your favor to generate a large revenue? China is the biggest exporter in the world. To always defend this title, China has to keep pace with the ever-increasing demands coming from the globe. Welcome For Chinese Innovation Like Technology, Engineering And Construction Projects, SUBSCRIBE ► ************************************************************************** MUSIC: StoryBlocks/Audio Library 🎥FOOTAGE licensed through StoryBlocks and Filmpac. ************************************************************************** Disclaimer: This video is narrated / interview by us, not taken from another channel, and all original content. Do not do any form of financial transaction with anyone and we do not ask money for interviews. Thank You for watching! #China #chinatechnology #chinaeconomy