October 2005: Huang Tianwen (FL), president of Chinese state-owned Sinosteel Corporation shakes hands with then president of Australia’s Midwest after signing an agreement for joint development of iron ore mines in WA. Investment in Australia by Chinese state-owned companies brings leaders of these enterprises into close contact with profit-obsessed executives of capitalist, local firms; and is thus an entry point for both corruption and capitalist values into socialistic, state-owned PRC enterprises.