This movement is entirely due to the old China Scare being run...

This movement is entirely due to the old China Scare being run again in US holiday season. Lets get a little perspective here. If Evergrand went broke and China had to come to the party, they would have to find 300billion from their foreign reserves of 3.238trillion. (gee what a tough ask). China's liquid assets ratio stands at 24.3% whilst Australia is 10,7%. I don't think a meltdown is remote possibility. You know why? because China has not allowed significant foreign investment, it essentially lends to owns companies, so who cares, its all a storm in a teacup.