BHP chief confident of China's economic management

BHP Billiton chief Marius Kloppers expressed confidence in China's economic management and denied that his firm had caused a Chinesebid for arch-rival Rio Tinto to fail on Sunday . BHP posted a 72 percent surge in half-year profit to $10.52 billion last week as demand mounted for raw materials in Asia and supply shortages hit major commodities such as iron ore and coal.
The mining chief played down concerns about the Chinese economy overheating and said he believed Beijing had the situation under control.
"On China, a lot of people are talking to me about inflation, over correction and so on, but I don't think we've got the situation that we had in the 1990s where the Chinese government let inflation run away..."