gbg wont survive for now, page-3

hws

citic and ansteel are chinese state owned enterprises.
the chinese gov will prop up these soe to keep the centralised communist gov. in jobs and power.

however these loss making gov enterprises will never be profitable and any gullible share holder in one of these listed soe will never see a dividend.

these soe are vehicles controlled by the chinese gov for their benefit only.

the chinese gov is a communist regime in power only for its own benefit.

it is a centrallised system of government and it can do what it likes for its own benefit even if it means propping up unviable, unprofitable state owned enterprises.