China's Central Government are keen historians. They know about Vanderbilt in the US and the rise of Pittsburgh as a steel centre..they know about Carnegie and the new technology which enormously catapulted steel production...and they know about J.P.Morgan who injected capital into a fragmented system and de-fragmented it by buying up everything including Carnegie...and bingo no competition. Now that the U.S has stuffed it up the Chinese, ever so patient, are doing the a J.P. Morgan on the U.S. and anywhere they can. Ah..the benefits of study and a long life...and with the Chinese I buy ...but oh so modestly...but my needs are modest c/f to China...brilliant road system as in the USA (built in the 90's Asia downturn) Now a better than brilliant rail system from this down turn. And America owes them squillions ..Would you sell your Oz. resource stocks now? Cheers all.
