FMG 2.23% $26.61 fortescue ltd

Xi is predictable and extremely consistent. His plans are:A...

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    Xi is predictable and extremely consistent. His plans are:
    1. A massive crackdown on capitalistic excesses,
    2. Common Prosperity aka pragmatic grass roots Communism.
    3. An end to property speculation.
    4. Focus on high technology rather than consumerism or traditional manufacturing.
    5. Bringing corporations under direct CCP control.
    6. Removing dependence on US aligned countries (eg Australia) for strategic materials and technology.
    7. Increasing trade with non-aligned and developing countries.

    None of it bodes well for Australian mining industry in the long term.
 
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