I agree. The Chinese have played this perfectly. They put GXY on...

I agree. The Chinese have played this perfectly. They put GXY on the debt teat and let it suck itself into trouble. China was always going to be a perilous place to do business given we are in a 'strategic' sector where national interest concerns (promoting particular exports, securing raw supply) are interwoven with commercial ones. It was management's role to manage those risks. A simple diversification of debtors (i.e. not just Chinese) would have been a prudent.