Ann: Belinga Iron Ore Project Update, page-30

"-The Chinese people save USD6 TRILLION per year". - Sounds impressive, but it's not really, given the size of its population - it is a measly $4,285 per capita, much of it tied up in a real estate bubble that is currently imploding.

- "Their government thinksin decades to centuries - notquarters" - Quaint cliche lazily repeated ad nauseum that couldn't be further from the truth. Xi Jinping has showed himself to be one of the world's most inept strategic 'planners'. Trying to pretend his repeated failures on just about every metric are actually part of a cunning long term plan is ridiculous.

- They don't care less about short term 'economics' - only security and long term prosperity. Repeated interventions by Beijing to achieve short term market outcomes suggest otherwise - be it devaluing yuan, adjusting interest rates, shutting down trading when losses exceed a certain limit, capital controls etc

- Corruption and local politics doesn't concern them. - Maybe it should, as this is often the underlying cause of coups, insurgencies, and nationalisations, not least in Africa, that can see a long term investment wiped out overnight.