Sure they might not bail them out. But when a company that has over $100 billion global sales falls over it is going leave a massive hole. The waves this will create will wash over the Sino economy like the GFC did and guess what the solution was ?
The Bank of Sino turned on the taps and flooded the place with cheap debt & up shot the Iron Ore price for a sustained four year period....
Iron ore price, page-37586
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$21.26 |
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Mkt cap ! $65.45B | |||
| Open | High | Low | Value | Volume |
| $21.70 | $21.70 | $21.02 | $145.2M | 6.814M |
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| No. | Vol. | Price($) |
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| 1 | 9760 | $21.26 |
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| $21.27 | 7866 | 4 |
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