Let's be honest, while Ding is a man of vision and foresight, we now find ourselves in this golden moment only because of rapidly deteriorating geopolitics creating huge risks for China. This is something Ding or anyone in the world couldn't possibly see coming back in 2018.
The post Covid world spooks China who may
proverbially throw everything including the kitchen sink at the risk problem in order to get the port and rail infrastructure built ASAP to lock in the offtake supply contracts across the deposits in the region.
This news out today shows the grey hippo risk fears prevailing in China is really driving urgent policies.
https://www.forexlive.com/news/aud-traders-note-china-says-its-iron-ore-self-sufficiency-will-be-significantly-increased-20211230/.