The Chinese are truely bad news. Just ask all of China's neighbours or for that matter Clive Palmer (you should read up on why Clive is going to the high court).
Once the Chinese get what they want and don't need you, you are toast. They are exploitative, predatory and opportunistic (that's all fine) and have little regard for rule-of-law and business ethics (that's not so fine).
The IO cartel (if you count FMG as the 4th member) control 80%+ of all sea borne IO globally.
About 70% of that goes to China (China imports aout 2/3 of all IO consumed with 1/3 produced domestically which is dropping like a stone because of grade degradation, high cost in water, power and labor).
Twiggy is a shrewd business man and China is buying everything FMG can dig up.
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