got an email from a mate who does consultancy in the Pilbara for mining coys
the view of some players up there is Chinese demand has alrady collapsed. Its over. take your bat and ball and go home
Does anywhen seriouly believe this rubbish of 300 million Chinese moving into mega cities over the next decade or two and becoming like us
Forget it. I've done business in China. its utterly corrupt and is a moral vaccum. Peasants live in abject poverty while Beijing cronies siphon off the profits. For the Chinese its all about keeping face and grabbing all the money and power you can get.
Its a bubble about to implode! remember the Tech boom , . Well this is the 2000 equivalent fore the China boom
and don't listen to BHP or RIO spin doctors!
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