mayhem monday..., page-42

there is unlikely to be a backlash from the chinese majors if the young bloke wins the election cos they reckon he's on their side, speaks chinese and all, and they know jonnie will kiss their asses anyway, so I agree, but the fin review says there will be uncertainty around changes of govt policy on infrastructure etc etc. My hunch is the chinese see the election as a storm in a tea cup. But, they have to sell at some stage in order to book profits and now might be as good a time as any.. if they hold as much xjo as I think they do, specially bhp et al, then its also a pretty big stick to hold over any election and they might want to make that clear by selling it down a bit or they may want to show they are friendly, safe investors who don't want to give any new govt cause to review the sovereign funds policy.... the problem with sovereign funds.. they are instruments of govt policy and strategy as well as investors and traders.. just musings.. it will be interesting to watch..