China holds a sway in Australia’s economy, because in the mining and energy industry:

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Question to analyze: 'China holds a sway in Australia’s economy, because in the mining and energy industry:'

Option 1: 'Chinalco has successfully become the largest shareholder of Rio Tinto, holding over 11.2% of the conglomerate.' This statement conflicts with historical ownership facts. Chinalco did acquire a stake in Rio Tinto in the past, but it was never reported as the largest shareholder, and 11.2% exceeds commonly cited holdings. The claim overstates Chinalco’s share and misidentifies the nature of the control, so this option is inaccurate.

Option 2: 'China has power to make significant impact on decisions made in two mining companies that ranked at top three important corporations in Australia.' This option speaks to China’s influence on major Australian mining players, suggesting that China can affect strategic decisions through its stakes or partnerships with two leading firms. Given Australia’s mining sector is dominated by a couple of global players and China’s demand and investment often shape corporate strategy, this option reflects a plausible dynamic. It does not rely on a precise numerical claim about ownership, but rather on the broader influence that large investors and trading partners can exert, making it a reasonable assertion in the context of the question.

Option 3: 'Shenhua Energy from China ranks in the second place of valuable companies.' This seems factually inaccurate for Shenhua Energy to be described as the second most valuable company without clear, current valuation backing. Such a superlative claim would require up-to-date market capitalization data, and as presented, it is not a reliable or widely supported statement, so it is likely false.

Option 4: 'Rio-Chinalco has become the 3rd most valuable public company.' This combines the Rio Tinto and Chinalco relationship into a bold claim about current ranking, which is not supported by standard market capitalization records. It misstates the consortium’s standing and overstates its valuation, making this option incorrect.

In summary, Option 2 is the only choice that aligns with a reasonable interpretation of China’s influence on Australia’s mining sector through top-tier companies, while Options 1, 3, and 4 rely on specific factual assertions that do not hold up under typical industry data or are inconsistent with well-known ownership structures.

MERGE_2025_0025 Quiz: How China Helped Build Australia's Economy

China holds a sway in Australia’s economy, because in the mining and energy industry:

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