A Chinese steelmaker is considering its strategy to expand globally

Finance Oct 09, 2020

A Chinese steelmaker is considering its strategy to expand globally.It is considering two possible choices. Choice A involves acquiring a mining company in Canada. Choice B involves acquiring a mining company in Australia. Forecasts indicate that the Canadian dollar is expected to appreciate while Australian dollar is expected to depreciate substantially over the next 3 years. Should the Chinese company expand into Australia or Canada? What factors may affect its decision?