there is some truth in what you say on this point when you look...

there is some truth in what you say on this point when you look at it from a western point of view. but chinese are about 50 years or 100 years. on that measure gbg is a great success and even the citic disaster might balance out if it runs long enough. plus there is a face thing. once committed they will at least hold onto what they have put in. my point with tfa is that they are going in deeper. as a shareholder I now know the chances of loosing everything have significantly reduced and in this market that is important to me. whether fwl can build on this, who knows.