China's growth will benefit Chile's economy, says mining magnate

SANTIAGO - Chilean mining magnate Andronico Luksic Craig believes China is on a decisive path to growth that will also help lift his country's economy.

"My father often told me 'when that country awakens, our country will be rich,'" Luksic told Xinhua News Agency in a recent interview.

"My father was always convinced that when China took off, Chile's economy would also take off," since copper, a major natural resource in Chile, is vital for industrial development, said Luksic.