Hi Mick
I do understand it to a certain degree, I have never lived there but I did previously do business with mainland China
My comment re Evergrande was that it is not just one company failing but it would have directly impacted on a huge number of small contractors, suppliers which will now go to the wall
Quote :- permits private enterprise with limits
This is not private enterprise as Australians understands it
Yes they are very rich but there are limits which as a Communist country are more restrictive than a free wheeling Western economy, plus the fact they don't have any friends
It is not being rich that is important, it is what you do with it that's vital
The days of buying face masks for 40 cents and a gold plated watch for $5.00 are IMHO over as they realize that others are making the big profits that they should have had, like the Arab countries that put the oil price up due to the high taxes that the western world could put on their too cheap oil
