Now is the winter of our discontent made glorious summer by China's economic woes?
A year ago it seemed clear to me that PLS was over dependent on China's resources appetite.
With the Chinese economy and markets in free fall is the traditional solution a lovely war?
So will the Taiwan issue escalate? What would make it go away?
I would hope the answer to that would be genuine new prosperity for China based on exports
Exports of what? Cars of course !!
They are masters of flooding export markets with goods.
Personally I wish them more success, based on high quality.
Having over invested in property I expect they would be wise to become better
more reliable customers for critical minerals and suppliers of vehicles.
This means more jaw jaw policies and less war war behaviour.
Individually they are very smart hard working people
Governmentally they suffer from excess, sometimes misguided autocracy
PLS is in the box seat to continue engaging with China constructively
At the same time I believe PLS needs to DIVERSIFY its international customer base.
Do other customer countries really value the resources we know can be provided?
Is BIG OIL and are BIG CAR MAKERS clever enough to embrace the future ?
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